20-68: Update to Conventional LLPAs
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 28, 2020, as follows:
- Introduce new adjustment in the ‘High Balance Mortgage Loans’ grid
A sample of the updated rate sheet(s) will be posted to the PennyMac Portal after 6:00 PM (PT) today, October 23rd, 2020. 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.