22-78: Updates to Conventional & Government LLPAs


Pennymac will update Conventional & Government LLPAs effective for all Best Effort Commitments taken on or after Friday, December 09, 2022 as follows:

  • Update the ‘Cash-Out Refinance > 15 day Lock Periods’ LLPA Grid to apply to all Lock Periods
  • Update the Conventional ‘Purchase Special’ LLPA value to zero.
  • Remove Conventional ‘FICO/LTV LLPAs Cashout Refinance < = 15 Day Lock Periods’ LLPA Grid
  • Update values on the ‘Government FICO Price Adjustments’ LLPA Grid

Please contact your Sales Representative with any questions.