25-99: Updates to Conventional and Non-QM LLPAs

09/30/2025

Pennymac will update Conventional and Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 1, 2025 as follows:

  • Updating Footnote 8 on the ‘Conv LLPAs’ tab.
  • Improving values in the ‘Prepay Penalty Price Adjustments’ grid on the ‘Non-QM’ tabs (A-series & DSCR).

Please contact your Sales Representative with any questions.