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07.29.21
Effective for all Best Effort commitments taken on or after July 30, 2021, PennyMac will make the following changes to the BE rate sheet:
07.26.21
PennyMac is aligning with all the Fannie Mae updates announced in SEL 2021-06 and Freddie Mac Bulletin 2021-25. The updates include but are not lim...
07.23.21
Effective for all Best Effort commitments taken on or after July 27, 2021, PennyMac will make the following changes to the BE rate sheet:
07.19.21
On Friday, July 16th PennyMac announced that it had removed the Adverse Market Refinance Fee from Bulk bids and Best Efforts rate sheets as a resul...
07.16.21
Effective immediately, PennyMac is removing the Adverse Market Refinance Fee for any new Bulk and Best Effort commitments.
07.13.21
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Thursday, July 15, 2021, as follows:
07.12.21
A complex market requires nimble solutions. PennyMac Correspondent Group allows off rate sheet pricing to help meet the needs of your borrower and ...
07.09.21
Effective immediately, the following additional email notification features are available to P3 users. Initial set-up of the email notifications fo...
07.08.21
Effective immediately, for all FHA full doc and credit qualifying streamlines, PennyMac is aligning with the requirements in FHA ML 2021-13 Student...
06.28.21
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, June 30, 2021, as follows:
06.25.21
PennyMac is aligning with Fannie Mae’s updates of Lender Letter 2021-10 dated 6/16/2021. Updates to the RefiNow Option include but are not limited ...
Effective immediately, PennyMac is updating the requirements for non-delegated loans as shown on the below table:
Please note the hours of operation for Best Effort and Bulk Commitment Options:
06.18.21
Effective for all Best Effort commitments taken on or after June 21, 2021, PennyMac will make the following changes to the BE rate sheet:
06.17.21
On June 17, 2021, President Biden signed Senate Bill S.475 establishing June 19th as Juneteenth National Independence Day. The new law includes Jun...
