24-59: Updates to Conventional LLPAs

Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 01, 2024 as follows:

• Add new ‘Fannie Mae Only Adjustments’ LLPA grid to the ‘Conv LLPAs’ tab on the rate sheet.
• Remove ‘HomeReady’ LLPA from the ‘LLPAs by Product Feature for All Eligible Loans’ LLPA grid.
• Update values on the ‘Government FICO Price Adjustments’ LLPA Grid.

Please contact your Sales Representative with any questions.