Delegated Announcements - Page 10

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12.18.23

23-87: FHA and VA Increased Loan Limits for 2024

Per FHA Mortgagee Letter 2023-21, effective with case number assigned on or after January 1, 2024, Pennymac is aligning with FHA’s increase to the ...

12.15.23

23-86: Hours of Operation for December 2023 Holidays

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

12.15.23

23-86: Hours of Operation for December 2023 Holidays

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

12.13.23

23-85: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, December 14, 2023 as follows

12.04.23

23-84: Reminder: P3 Multi-Factor Authentication Set Up

As part of our commitment to maintain the highest quality and security of our client’s data, Pennymac will begin to use Multi-Factor Authentication...

11.28.23

23-83: Conventional Loan Limit Increase for 2024

Effective immediately, Pennymac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Ma...

11.27.23

23-82: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, November 28, 2023 as follows:

11.24.23

23-81: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 27, 2023 as follows:

11.15.23

23-80: Hours of Operation for Thanksgiving Holiday 2023

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

11.15.23

23-79: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, November 16, 2023 as follows:

11.15.23

23-78: Fannie Mae - Increased LTV limits for 2 - 4 Unit P...

Pennymac is aligning with Fannie Mae’s expanded LTV ratio limits to 95% LTV/CLTV/HCLTV for 2-4-unit, principal residence, purchase and limited cash...

11.13.23

23-77: Fannie Mae SEL-2023-08: Personal Gifts and Gifts o...

Effective immediately, Pennymac is aligning with the Fannie Mae changes regarding personal gifts and gifts of equity as outlined in SEL-2023-08.

11.13.23

23-76: Student Loan, Cash-Out Refinances and Additional G...

Effective immediately, Pennymac is aligning with the updates announced in Freddie Mac Bulletins 2023-18 and 2023-19.

11.07.23

23-75: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, November 08, 2023 as follows

10.31.23

23-74: VA Adjustable-Rate Mortgage Update

Effective immediately, Pennymac will no longer accept VA adjustable-rate mortgages (ARMs) with temporary buydowns.