Delegated Announcements - Page 19

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05.31.22

22-36: VA Maximum LTV Update for Cash Out Refinances

Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...

05.20.22

22-35: FHA LLPA Special

Effective Monday, May 23, 2022 Pennymac is adding a Government FHA LLPA Special for all Best Effort commitments as follows

05.16.22

22-34: Hours of Operation for Memorial Day Holiday

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

05.13.22

22-33: Updates to Second Home LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, May 16, 2022, as follows:

05.13.22

22-32: P3 Loan Officer and Loan Processor Feature

Effective Friday, May 13, 2022, Pennymac will update the Non-Delegated Best Effort loan creation and loan access processes in P3.

05.05.22

22-31: May Product Highlight | Temporary Interest Rate Bu...

A Temporary Interest Rate Buydown, also called a “temp buydown” for short, is a financing tool that allows well qualified borrowers – who are quali...

04.26.22

22-30: Update to Government LLPAs

PennyMac will update Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, April 27, 2022, as follows: Upd...

04.25.22

22-29: Minimum FICO Score Update on Government Loans

Currently, Pennymac requires a minimum 620 FICO Score on all government loan programs. Effective Friday, April 29, 2022, Pennymac is ...

04.14.22

22-28: TBD Locks

In today’s market Borrowers are looking for a way to lock in a rate while they continue their search for the perfect home. Pennymac Correspondent G...

04.13.22

22-27: Updates to Second Home LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Thursday, April 14, 2022, as follows:

04.07.22

22-26: April Product Highlight | Conforming Conventional ...

Manufactured homes are a type of factory-built housing with characteristics comparable to site-built homes, but at a fraction of the cost. Furtherm...

04.07.22

22-25: Hours of Operation for Good Friday Holiday

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

04.04.22

22-24: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, April 6, 2022 as follows:

03.25.22

22-23: Suspension of Tax Transcript Requirements

Due to IRS delays, effective immediately, Pennymac is temporarily suspending the existing Pennymac Tax Transcript requirements.

03.17.22

22-22: Updates to Conventional LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Tuesday, March 22, 2022, as follows: