26-132: Updates to Conventional and Non-QM LLPAs

11/03/2026

Pennymac will update Conventional and Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, November 4, 2026 as follows:

  • Updating values in the “Loan Balance Adjustments” grid on the ‘Conv LLPAs’ tab
  • Updating values in the “Risk Based Price Adjustments” grids (Full Doc and Alt Doc) on the ‘Non-QM A-series’ tabs
  • Updating the ratio values in the “LLPAs by Product Feature” grid on the ‘Non-QM DSCR’ tab

Please contact your Sales Representative with any questions.