23-33: Updates to Conventional LLPAs


The Federal Housing Finance Agency (FHFA) announced the rescission of the DTI ratio-based fee. As a result, Pennymac will update the Best Effort rate sheet effective for all Best Effort Commitments taken on or after Thursday, May 11, 2023 as follows:

The ‘DTI >40%’ LLPA will be removed from the following LLPA Grids:

  • ‘Purchase - LLPAs by Product Feature’
  • ‘Non Cashout Refinance - LLPAs by Product Feature’
  • ‘Cashout Refinance - LLPAs by Product Feature’

Please contact your Sales Representative with any questions.