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11.24.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 27, 2023 as follows:
11.15.23
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options:
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, November 16, 2023 as follows:
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
Effective immediately, Pennymac is aligning with the Fannie Mae changes regarding personal gifts and gifts of equity as outlined in SEL-2023-08.
Effective immediately, Pennymac is aligning with the updates announced in Freddie Mac Bulletins 2023-18 and 2023-19.
11.07.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, November 08, 2023 as follows
10.31.23
Effective immediately, Pennymac will no longer accept VA adjustable-rate mortgages (ARMs) with temporary buydowns.
10.27.23
Pennymac is aligning with the updates announced in Fannie Mae SEL 2023-08 and SEL 2023-09. The updates include but are not limited to the following...
10.23.23
Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, October 24 2023 as follows:
10.16.23
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...
10.10.23
Pennymac Correspondent is excited to announce that we’re raising our Conventional loan limits to $750,000, effective Wednesday, October 11, 2023.
In the event of a government shutdown, Pennymac is providing the following temporary guidance to address issues that may arise during the governmen...
10.09.23
Pennymac Correspondent is excited to announce that we’re raising our Conventional loan limits to $750,000, effective Wednesday, October 11 2023.
10.06.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, October 09 2023 as follows:
