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06.09.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, June 13, 2023 as follows:
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
06.07.23
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
Pennymac would like to remind our correspondents of the USDA Guaranteed Rural Housing Loan Program annual income eligibility requirements, specific...
06.02.23
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
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
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
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, May 23, 2023 as follows
05.18.23
05.11.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows
05.10.23
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
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
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
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 19, 2023 as follows
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 17, 2023 as follows
