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01.16.25
On 12/19/2024, USDA announced a reduction to the seasoning period and updated housing payment requirements for refinance transactions. These change...
This is a reminder regarding Fannie Mae's appraisal requirements, effective for appraisals dated on or after March 1, 2025.
01.15.25
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Thursday, January 16, 2025 as follows:
01.13.25
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, January 14, 2025 as follows:
01.10.25
Pennymac is pleased to announce we have increased the maximum loan limits for VA Full Doc, VA Renovation, and VA IRRRL loans from $2M to $2.5M and ...
01.03.25
In Pennymac announcement #24-132 Update to VA Seasoning Requirements, we announced the seasoning updates would be effective with new loan applicati...
01.02.25
Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:
12.27.24
In response to the 2025 GSE conforming loan limit changes, Pennymac is updating the AUS Jumbo product for 2-unit owner-occupied and investment prop...
12.20.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, December 23, 2024 as follows:
VA recently updated Chapter 6, Topic 3 of their handbook, Cash-out Refinances. As a part of the update, refinance seasoning requirements were clari...
Pennymac is pleased to announce that we are aligning with Fannie Mae and Freddie Mac’s recently announced update and extension of the temporary dow...
12.18.24
Per FHA Mortgagee Letter 2024-21, effective with case number assigned on or after January 1, 2025, Pennymac is aligning with FHA’s increase to the ...
12.17.24
12.16.24
VA regulations limit the fees and charges that may be charged to or paid by a Veteran, surviving spouse, or assumer (hereafter Veteran) obtaining o...