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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
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
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
04.13.23
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
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
Effective immediately, Pennymac is pleased to announce the launch of our new underwriting support inbox-
04.04.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 05, 2022 as follows: