Delegated Announcements - Page 14

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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...

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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:

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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:

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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...

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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...

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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.

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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 ...

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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.

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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

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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:

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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

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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...

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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...

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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...

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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

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