23-48: Extended Lock Commitments

07/25/2023
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Effective with locks on or after 7/27/2023, Pennymac is pleased to announce the release of Extended Lock Commitments for Best Efforts.

Highlights of the program include:

  • Introduction of 120-, 150- & 180-Day Lock Commitments.
  • Applies to Conventional, FHA & VA Fixed Rate 30 Year products only.
  • The Extended Lock Commitments do not apply to Specialty Products.
  • The price adjustment will be added to the 75 Day price.
  • Applies to Best Efforts only.

announcement 23-48 table image

Please contact your Sales Representative with any questions.