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03.12.25
Effective with new applications dated on or after 04/01/25, Freddie Mac is updating their Selling Guide to require that when a borrower is an autho...
03.07.25
Pennymac is aligning with Ginnie Mae requirements for Consolidated, Extension, Modification, & Agreement (CEMA) loans and have updated our guidelin...
In conjunction with FHA ML 2025-04, Pennymac will allow rental income from boarders to qualify for an FHA- insured mortgage, subject to the require...
02.28.25
As announced in Freddie Mac Bulletin 2025-01, Freddie Mac previously updated Loan Prospect Advisor (LPA) to assess rent payment history in the cred...
As previously communicated in Announcement 24-82, Pennymac announced Freddie Mac changes to flood insurance premium calculations.
Effective Monday, March 10, 2025, Pennymac will be updating the Best Effort rate sheet to add new Conventional Spec Base Pricing Grids, and retire ...
02.25.25
Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, February 26, 2025 as...
02.20.25
In Selling Guide Announcement 2024-07, Fannie Mae announced revisions to their eligibility requirements for properties subject to leasehold estates.
02.18.25
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, February 20, 2025 as follows:
02.12.25
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 14, 2025 as follows:
02.10.25
Please note the hours of operation for Best Efforts, Bulk, and Bulk-AOT Commitment Options:
02.06.25
Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 07, 2025 as fo...
02.04.25
To promote consistency and transparency in appraisal reports, Freddie Mac and Fannie Mae are implementing updates to their requirements related to ...
02.03.25
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, February 04, 2025 as follows:
01.29.25
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, January 30, 2025 as follows:
