Delegated Announcements - Page 11

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07.25.23

23-48: Extended Lock Commitments

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

06.23.23

23-47: Hours of Operation for 4th of July Holiday

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

06.23.23

23-46: Update – Documentation Requirements

Based on recent GSE feedback and QC findings, Pennymac has clarified requirements related to documentation received with the loan file.

06.20.23

23-45: Property Insurance Requirements and Coverage Amoun...

Based on recent GSE feedback, Pennymac would like to provide a reminder regarding Fannie Mae and Freddie Mac’s condominium project insurance requir...

06.13.23

23-44: Freddie Mac Bulletin 2023-11 Credit Underwriting U...

Pennymac is aligning with Freddie Mac’s selling guide updates on IRS installment agreements, and real estate tax abatements and exemptions, announc...

06.09.23

23-43: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, June 13, 2023 as follows:

06.09.23

23-42: Hours of Operation for Juneteenth Holiday

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

06.07.23

23-41: Freddie Mac Bulletin 2023-9 Property Appraisals an...

Pennymac is aligning with Freddie Mac’s selling guide updates on property appraisals and condominium projects, announced in Bulletin 2023-9. The fo...

06.06.23

23-40: USDA Rural Housing Reminder on Required Income Cal...

Pennymac would like to remind our correspondents of the USDA Guaranteed Rural Housing Loan Program annual income eligibility requirements, specific...

06.02.23

23-39: Bulk Bid Tape Field Update

Mac will be expanding the “GNMA eNote Indicator” field to include Conventional loans for Bulk bid tapes received on or after Monday, June 12, 2023.

05.24.23

23-38: Fannie Mae SEL 2023-02 Required Use of Condo Proje...

Pennymac is aligning with Fannie Mae’s required use of Condo Project Manager (CPM) for all condo projects under the full review process, announced ...

05.23.23

23-37: Navigating Form 4506-C: Insights and Tips for Comp...

Since the implementation of the revised IRS Form 4506-C (October 22), Pennymac has experienced an increase in 4506-C IRS related defects.

05.19.23

23-36: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, May 23, 2023 as follows

05.18.23

23-35: Hours of Operation for Memorial Day Holiday

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

05.11.23

23-34: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows