Penny Mac Quick Reference Guide AOT DT
PennyMac_Quick_Reference_Guide_AOT_DT
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DT
Correspondent Lending Group | Quick Reference Guide | Last Updated 6/14/2016
Assignment of Trade (AOT) & Direct Trade (DT) Program
Subject
AOT
TradeDesk@pnmac.com
866-595-8123
Hours (Open - 2:00pm PT)
See AOT
See AOT
Communication
Trade Management
General Questions (Post Trade Execution)
Trade Execution
Trade Assignment Agreements
(aka Tri-Party Agreements)
Not Applicable
Hours (7:00am PT - 5:15pm PT)
CorrespondentAOT@pnmac.com
Hours (7:00am PT - 5:15pm PT)
CorrespondentAOT@pnmac.com
Hours (Open - 4:00pm PT)
CorrespondentAOT@pnmac.com
800-736-6938 [800-PENNY-38]
Not Applicable
Not Applicable
Not Applicable
See Exhibit 2 (below)
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Trade Details
Trade Assignment Details
Trade Assignment Minimum Amount
Trade Assignment Count
Acceptable Securities
Acceptable Broker Dealers
Trade Assignment Agreement
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)
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)
Complete Trade Assignment Agreement and submit to CorrespondentTradeAssignment (email above)
SIFMA form only
Submit within 2 business days after commitment confirmation
See AOT
See AOT
See AOT
See AOT
See AOT
See AOT
Commitment Tolerance
Lesser of plus or minus two percent of the original commitment amount (prior to over-delivery) or one hundred thousand dollars
Commitment
Authorized Trader reviews email commitment confirmation
Commitment Pairoff
Commitment Extension
Commitment Confirmation
(Website Administrator controls role and commitment
notification access via the Portal)
If correct, Authorized Trader accepts
If incorrect, Authorized Trader disputes. Pricing will review and communicate as necessary
Contact CorrespondentAOT to roll commitment by security month
Contact CorrespondentAOT to pairoff commitment
Mortgage Loan Registration See AOT
Mortgage Loan Allocation See AOT
Mortgage Loan Delivery See AOT
See AOT
Base Price See AOT
Loan-Level Price Adjustments See AOT
Service Release Premium See AOT
Note Rate Adjusters See AOT
Adjuster reprice based on 30
calendar days
Interest Carry See AOT
See AOT
Fees See AOT
Security
Type
Maturity
Term
Pool
Prefix
AOT DT
FNMA 10 CN No Yes Bank of America, N.A. J.P. Morgan Securities LLC
FNMA 15 CI Yes Yes Bank of Oklahoma Financial, N.A. Jefferies & Company, Inc.
FNMA 20 CT No Yes Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated
FNMA 30 CL Yes Yes BNY Mellon Capital Markets, LLC Morgan Stanley & Co. LLC
GNMA I 15 XSF Yes Yes Cantor Fitzgerald & Co. Multi-Bank Securities, Inc.
GNMA II 15 MSF Yes Yes Citigroup Global Markets Inc. Raymond James & Associates, Inc.
GNMA I 30 XSF Yes Yes Credit Suisse Securities LLC UBS Securities LLC.
GNMA II 30 MSF Yes Yes Daiwa Capital Markets America Inc. Wells Fargo Securities, LLC
Deutsche Bank Securities Inc.
Fannie Mae Capital Markets
Goldman, Sachs & Co.
Mortgage Loan
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
Exhibit 2 | Acceptable Securities
Exhibit 3 | AOT - Acceptable Broker Dealers
Counterparty
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
