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02.27.23
Pennymac is aligning with VA Circular 26-23-06, Funding Fee Charge Update which reduces the funding fee rates for non-exempt Veterans on VA loans c...
Effective immediately for Bulk commitments, Pennymac is pleased to announce the alignment with Freddie Mac and Fannie Mae on their recent announcem...
02.24.23
Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...
02.14.23
Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...
Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.
02.13.23
Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options:
02.01.23
On January 25, 2023, Pennymac published Announcement #23-09 addressing VA Circulars 26-23-03 and 26- 23-04: Updates to VA Forms.
01.27.23
01.25.23
Pennymac is aligning with the updates to the VA forms announced in VA Circulars 26-23-03 and 26-23-04.
01.24.23
On January 11, 2023, Pennymac published, Reminder: New Version of 4506-C Form. We’ve received feedback from clients indicating that many document p...
Pennymac will update the footnote for the ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, January 2...
01.23.23
PennyMac will be requiring the following fields to be populated for all Bulk bid tapes effective per the dates shown below.
01.20.23
Effective immediately, Pennymac is aligning with the published FHA Federal Register final rule, Acceptance of Private Flood Insurance for FHA-Insur...
01.19.23
Pennymac is aligning with the new seasoning requirements for a cash-out refinance when the proceeds are being used to pay off a first lien mortgage...
01.18.23
It is no secret that borrowers face an affordability crunch today due to higher home prices and higher rates. Pennymac remains committed to promoti...