Delegated Announcements - Page 13

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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

05.10.23

23-33: Updates to Conventional LLPAs

The Federal Housing Finance Agency (FHFA) announced the rescission of the DTI ratio-based fee. As a result, Pennymac will update the Best Effort ra...

05.03.23

23-32: Freddie Mac Bulletin 2023-6 Credit Underwriting Up...

Pennymac is aligning with Freddie Mac’s credit underwriting update, announced in Bulletin 2023-6, adding a requirement that a non-occupant borrower...

04.21.23

23-31: Updates to Conventional LLPAs

Pennymac is making updates to its ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Tuesday, April 25, 2023 as f...

04.14.23

23-30: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 19, 2023 as follows

04.14.23

23-29: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 17, 2023 as follows

04.13.23

23-28: Fannie Mae SEL 2023-02 Valuation Modernization

Pennymac is aligning with the new terms and range of appraisal alternatives introduced in Fannie Mae SEL 2023-02. The new alternatives include

04.11.23

23-27: Conventional Credit Fee Cap – System Support

Pennymac is pleased to announce we have released system support for Conventional Credit Fee Caps. Effectively immediately, new Best Effort locks ca...

04.10.23

23-26: Underwriting Help Email Address

Effective immediately, Pennymac is pleased to announce the launch of our new underwriting support inbox-

04.04.23

23-25: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 05, 2022 as follows:

03.31.23

23-24: Fannie Mae and Freddie Mac COVID-19 Related Updates

Effective immediately, Pennymac is aligning with the Fannie Mae updates announced in Lender Letter 2021-03 dated 2/15/23 and Freddie Mac Bulletin 2...

03.31.23

23-23: Hours of Operation for Good Friday Holiday

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

03.27.23

23-22: Updates to Conventional LLPAs

The Federal Housing Finance Agency (FHFA) recently announced a new effective date of the DTI ratio-based fee to August 01, 2023.