Delegated Announcements - Page 2

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11.05.24

24-118: Updates to Conventional LLPAs and SRP

Pennymac will update Conventional LLPAs and the SRP Grid values effective for all Best Efforts Commitments taken on or after Wednesday, November 6,...

11.04.24

24-117: Hours of Operation for Veterans Day Holiday

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

10.31.24

24-116: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Friday, November 1, 2024 as follows:

10.18.24

24-115: FHA Appraisal Review and Reconsideration of Value...

Effective for new casefiles assigned on and after October 31, 2024, FHA is introducing new appraisal review requirements, expanding reconsideration...

10.18.24

24-114: AUS Jumbo: Appraisal Requirements - Additional Va...

On August 14th, 2024, Pennymac issued announcement 24-80 detailing secondary valuation requirements for single appraisals for AUS Jumbo loan transa...

10.16.24

24-113: Fannie Mae SEL 2024-03 and Freddie Mac Bulletin 2...

Effective for applications dated on and after October 31, 2024, Fannie Mae and Freddie Mac are introducing a new Reconsideration of Value (ROV) pro...

10.15.24

24-112: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 16, 2024 as follows:

10.14.24

24-111: Freddie Mac Launches LPA Choice Messaging

Effective for new submissions in LPA on and after October 13, 2024, Freddie Mac has implemented enhanced LPA messages for certain loans that receiv...

10.08.24

24-110: Escrow Account and Ginnie Mae Loan Data Matching ...

Pennymac is issuing the following reminders regarding escrow/impound accounts and Ginnie Mae loan data matching:

10.08.24

24-109: Hours of Operation for Columbus Day Holiday 2024

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

10.01.24

24-108: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 2, 2024 as follows:

09.30.24

24-107: Tangible Net Worth Requirement

Starting January 1, 2025, Pennymac is raising the required Tangible Net Worth (“TNW”) for all delegated correspondent Clients to $2.5 million.

09.30.24

24-106: Fannie Mae SEL-2024-05 - Rent-back Credit

Available immediately but effective with mortgage applications dated on and after October 7, 2024, Fannie Mae added guidance clarifying requirement...

09.27.24

24-105: Form 4506-C Completion Requirements (Updated)

Effective immediately, Advantus and Credit Plus have been removed as eligible vendors for 4506-C purposes. Both Advantus and Credit Plus were prev...

09.27.24

24-104: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, September 30, 2024 as follows: