Penny Mac Quick Reference Guide AOT DT

PennyMac_Quick_Reference_Guide_AOT_DT

User Manual: Pdf

Open the PDF directly: View PDF PDF.
Page Count: 1

DownloadPenny Mac Quick Reference Guide AOT DT
Open PDF In BrowserView PDF
Commitment Confirmation
(Website Administrator controls role and commitment
notification access via the Portal )

Correspondent Lending Group | Quick Reference Guide | Last Updated 6/14/2016
Assignment of Trade (AOT) & Direct Trade (DT) Program
AOT
CorrespondentAOT@pnmac.com
800-736-6938 [800-PENNY-38]
Hours (Open - 4:00pm PT)
CorrespondentAOT@pnmac.com
Hours (7:00am PT - 5:15pm PT)
CorrespondentAOT@pnmac.com
Hours (7:00am PT - 5:15pm PT)
Correspondent: Submit through the Correspondent Portal Assignment of Trade link.
Hedge Advisory Firm: Contact CorrespondentAOT or appropriate Correspondent Sales Representative
One Million Dollars ($1,000,000)
Multiple trade assignments allowed, granted the following characteristics are the same for each trade: security type, maturity, settlement date,
coupon and pool prefix
See Exhibit 2 (below)
See Exhibit 3 (below)
Complete Trade Assignment Agreement and submit to CorrespondentTradeAssignment (email above)
SIFMA form only
Submit within 2 business days after commitment confirmation
Authorized Trader reviews email commitment confirmation
If correct, Authorized Trader accepts
If incorrect, Authorized Trader disputes. Pricing will review and communicate as necessary

Commitment Tolerance

Lesser of plus or minus two percent of the original commitment amount (prior to over-delivery) or one hundred thousand dollars

See AOT

Commitment Extension
Commitment Pairoff
Mortgage Loan Registration
Mortgage Loan Allocation
Mortgage Loan Delivery

Contact CorrespondentAOT to roll commitment by security month
Contact CorrespondentAOT to pairoff commitment
Register Mortgage Loan(s) via the Portal
Allocate Mortgage Loan(s) via the Portal
Deliver by Commitment Delivery Due Date (else: Extension or Pairoff)
Deliver within 14 calendar days of commitment execution date
Weighted average trade price (of assigned trades within the respective commitment)
As noted on applicable rate sheet
As noted on applicable rate sheet
As noted on applicable rate sheet
Mortgage Loan(s) delivered less than or equal to 14 calendar days after commitment execution will retain adjusters. Otherwise, adjusters are subject
to reprice; that is, the lesser of adjusters between the effective rate sheet at commitment execution and the effective rate sheet at Mortgage Loan
delivery
As noted on applicable rate sheet
Interest Carry Days: days between Mortgage Loan delivery date and security settlement date.
As noted on applicable rate sheet and/or Seller's Guide

See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
Adjuster reprice based on 30
calendar days

Trade Management
General Questions (Post Trade Execution)
Trade Assignment Agreements
(aka Tri-Party Agreements)
Trade Assignment Details
Trade Assignment Minimum Amount
Trade Assignment Count
Acceptable Securities
Acceptable Broker Dealers
Trade Assignment Agreement

DT
TradeDesk@pnmac.com
866-595-8123
Hours (Open - 2:00pm PT)
See AOT
See AOT
Not Applicable
Not Applicable
Not Applicable
Not Applicable
See Exhibit 2 (below)
Not Applicable
Not Applicable
Not Applicable
Not Applicable
See AOT
See AOT
See AOT

Base Price
Loan-Level Price Adjustments
Service Release Premium
Note Rate Adjusters

M

or
tg
ag
e

Lo
a

n

Co
m

m

itm
en

t

Tr
a

de

De
ta

ils

Co
m

m

un
i

ca
t

io
n

Subject
Trade Execution

Interest Carry
Fees

Security
Type
FNMA
FNMA
FNMA
FNMA
GNMA I
GNMA II
GNMA I
GNMA II

Exhibit 2 | Acceptable Securities
Maturity
Pool
AOT
Term
Prefix
10
CN
No
15
CI
Yes
20
CT
No
30
CL
Yes
15
XSF
Yes
15
MSF
Yes
30
XSF
Yes
30
MSF
Yes

Exhibit 3 | AOT - Acceptable Broker Dealers
Counterparty

DT
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Bank of America, N.A.
Bank of Oklahoma Financial, N.A.
Barclays Capital Inc.
BNY Mellon Capital Markets, LLC
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Fannie Mae Capital Markets
Goldman, Sachs & Co.

J.P. Morgan Securities LLC
Jefferies & Company, Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. LLC
Multi-Bank Securities, Inc.
Raymond James & Associates, Inc.
UBS Securities LLC.
Wells Fargo Securities, LLC

See AOT
See AOT
See AOT
Source Exif Data: 
File Type                       : PDF
File Type Extension             : pdf
MIME Type                       : application/pdf
PDF Version                     : 1.5
Linearized                      : Yes
Author                          : 900colter
Create Date                     : 2016:09:29 11:20:48-07:00
Modify Date                     : 2016:09:29 11:59:58-07:00
Language                        : en-US
Tagged PDF                      : Yes
XMP Toolkit                     : Adobe XMP Core 5.4-c005 78.147326, 2012/08/23-13:03:03
Format                          : application/pdf
Creator                         : 900colter
Creator Tool                    : Microsoft® Excel® 2013
Metadata Date                   : 2016:09:29 11:59:58-07:00
Producer                        : Microsoft® Excel® 2013
Document ID                     : uuid:a8665736-e636-4667-a04d-f58645768bba
Instance ID                     : uuid:b5b1bf9c-459d-4fd7-85ab-fb233c8bdbc6
Page Count                      : 1
EXIF Metadata provided by EXIF.tools

Navigation menu