Delegated Announcements

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01.16.25

25-08: USDA Refinance Seasoning Period Update

On 12/19/2024, USDA announced a reduction to the seasoning period and updated housing payment requirements for refinance transactions. These change...

01.16.25

25-07: Reminder: Fannie Mae Appraisal Time Adjustment Req...

This is a reminder regarding Fannie Mae's appraisal requirements, effective for appraisals dated on or after March 1, 2025.

01.15.25

25-06: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Thursday, January 16, 2025 as follows:

01.13.25

25-05: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, January 14, 2025 as follows:

01.10.25

25-04: VA Full Doc and VA IRRRL Program Updates

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

25-03: Update to #24-132 Update to VA Seasoning Requirements

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

25-02: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:

01.02.25

25-01: Hours of Operation for the National Day of Mourning

Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:

12.27.24

24-134: AUS Jumbo Product Profile Update: 2-Unit Properties

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

24-133: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, December 23, 2024 as follows:

12.20.24

24-132: Update to VA Seasoning Requirements

VA recently updated Chapter 6, Topic 3 of their handbook, Cash-out Refinances. As a part of the update, refinance seasoning requirements were clari...

12.20.24

24-131: Important Update and Extension of Temporary Down ...

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

24-130: FHA and VA Increased Loan Limits for 2025

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

24-129: Hours of Operation for December 2024 Holidays

Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:

12.16.24

24-128: VA Update: Requirements for Itemized Fees and Cha...

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...