09/17/2024
Available immediately but required and effective for note dates on or after November 1, 2024, Fannie Mae and Freddie Mac have published state-specific multistate 30-day average SOFR ARM instruments that have incorporated all state-specific required authorized changes and a state-specific tagline.
State-specific versions of the following instruments are now available:
- Multistate Adjustable Rate Note – 30-day Average SOFR (Form 3441)
- Multistate Fixed/Adjustable Rate Note – 30-day Average SOFR (Form 3442)
- Multistate Adjustable Rate Rider – 30-day Average SOFR (Form 3141)
- Multistate Fixed/Adjustable Rate Rider – 30-day Average SOFR (Form 3142)
Pennymac is aligning with this change effective with note dates on or after November 1, 2024.
Refer to Fannie Mae Selling Guide announcement 2024-03 and Freddie Mac Bulletin 2024-6 for additional information and complete requirements.
Please contact your Sales Representative with any questions.