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10.25.21
PennyMac will be improving pricing by 50 basis points on the ‘Approve/Ineligible, >=720, >625,000’ LLPA in the Conventional High Balance Mortgage L...
10.18.21
PennyMac will make the following updates to the Conventional High Balance LLPAs effective for all Best Effort commitments taken on or after Wednesd...
10.15.21
As a reminder, all FHA COVID specific flexibilities and guidelines have expired as of case number assignments on or after October 1, 2021. FHA issu...
10.12.21
PennyMac will make the following updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Thurs...
10.08.21
On September 22nd, we announced expanded conventional loan limits to at least $625,000 for all states and counties. (See Announcement 21-73)
10.05.21
Effective Thursday, October 7, 2021, PennyMac is increasing the maximum base loan amount for VA loans from $1,500,000 to $2,000,000 subject to the ...
09.29.21
Per the Fiscal Year 2022 Commitment Notice released September 20, 2021, funding for the USDA Rural Housing Loan Program will be temporarily unavail...
09.28.21
As a reminder, Ginnie Mae seasoning requirements must be met on all government streamline or cash-out refinance transactions, including all VA refi...
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
09.27.21
As of 10/3/2021, Portal users with Seller Admin persona access will no longer have the ability to delete users from P3, PennyMac’s Correspondent Po...
09.22.21
Effective immediately, PennyMac is supporting our Correspondents by offering conforming high balance loan amounts up to at least $625,000 in all St...
09.21.21
PennyMac will make updates to the Conventional Second Home LLPAs effective for all Best Effort commitments taken on or after Wednesday, September 2...
09.17.21
PennyMac is working toward aligning with the Fannie Mae Credit Score change at a future date. An announcement will be issued once an implementation...
09.14.21
Effective for all Best Effort commitments taken on or after September 15, 2021, PennyMac will make the following changes to the BE rate sheet:
09.09.21
PennyMac will make the following updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, September 13...
