Delegated Announcements - Page 15

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02.14.23

23-13: Fannie Mae SEL 2023-01 Cash-Out Refinance Eligibility

Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.

02.13.23

23-12: Hours of Operation for President’s Day Holiday

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

02.01.23

23-11: Revised Announcement #23-09 VA Circulars 26-23-03 ...

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

23-10: Fannie Mae and Freddie Mac LLPA Changes

Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...

01.25.23

23-09: VA Circulars 26-23-03 & 26-23-04: Updates to VA Forms

Pennymac is aligning with the updates to the VA forms announced in VA Circulars 26-23-03 and 26-23-04.

01.24.23

23-08: Revised Announcement #23-02: New Version of 4506-C...

On January 11, 2023, Pennymac published, Reminder: New Version of 4506-C Form. We’ve received feedback from clients indicating that many document p...

01.24.23

23-07: Updates to Conventional LLPAs

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

23-06: New Bulk Bid Tape Fields

PennyMac will be requiring the following fields to be populated for all Bulk bid tapes effective per the dates shown below.

01.20.23

23-05: FHA ML 2022-18 Acceptance of Private Flood Insurance

Effective immediately, Pennymac is aligning with the published FHA Federal Register final rule, Acceptance of Private Flood Insurance for FHA-Insur...

01.19.23

23-04: New Seasoning Requirement for Freddie Mac Cash-Out...

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

23-03: January Product Highlight | Affordable Lending

It is no secret that borrowers face an affordability crunch today due to higher home prices and higher rates. Pennymac remains committed to promoti...

01.11.23

23-02: Reminder: New Version of 4506-C Form

Pennymac is aligning with and requiring the use of the recently published NEW IRS Form 4506-C, revised 10/2022 with loans delivered on or after 2/1...

01.10.23

23-01: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:

12.27.22

22-83: Updates to Conventional LLPAs

Pennymac will introduce a new ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, December 28, 2022 as ...

12.19.22

22-82: Conventional Credit Fee Cap

Effective for new Best Effort locks taken on or after Wednesday, December 21, 2022, Pennymac is pleased to announce the alignment with Freddie Mac ...