19-19: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, March 22, 2019, as follows:
- Update values on the Conventional LLPA ‘Risk Based Price Adjustments’ Grids
- Introduce a new Conventional LLPA ‘Pricing Special’
A sample of the updated rate sheet(s) will be posted to the PennyMac Portal after 6:00 PM (PT) today, March 14th, 2019. Sample rate sheet(s) will be available for download shortly after the standard rate sheet email notification is sent from ‘PennyMac Seller Pricing’ <firstname.lastname@example.org>.
Note: Sample rate sheet(s) posted to the portal after 6 PM (PT) are intended only to communicate the rate sheet changes as described above. Loan program base pricing will be blank. Rate sheets posted the following morning will be effective for new commitments.
Please contact your Sales Representative with any questions.