21-11: Updates to Government LLPAs
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, February 23, 2021, as follows:
- Update values on the Government ‘FICO Price Adjustments’ Grid
- Update value on the FHA Streamline Price Adjustment
A sample of the updated rate sheet(s) will be posted to the PennyMac Portal after 11:00 PM (PT) today, February 17, 2021. 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 11 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.