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05.21.21
The CFPB issued an announcement on April 27, 2021 delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/...
05.17.21
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
05.14.21
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 19, 2021, as follows
05.10.21
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 12, 2021, as follows:
04.26.21
PennyMac has updated our Non-Delegated Quick Reference Guide which contains important information to reference when working with PennyMac.
04.22.21
Freddie Mac and Fannie Mae (the GSEs) have published a joint Uniform Loan Application Dataset/Uniform Residential Loan Application (ULAD/URLA) anno...
04.20.21
PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-12, with the exception of the community land trust requirements. Updates...
04.19.21
Effective for all Best Effort commitments taken on or after April 21, 2021, PennyMac will make the following changes to the BE rate sheet:
04.16.21
PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-9, with the exception of the POA updates due to existing overlays. Updat...
04.14.21
Currently, PennyMac offers the Fannie Mae HomeReady and Freddie Mac Home Possible Programs with a 30 year loan term only.
04.12.21
PennyMac reminds Correspondents that for transactions where the loan was initially submitted to Fannie Mae DU but is underwritten and delivered wit...
04.08.21
Currently, all Non-Delegated conventional loans qualifying with self-employed borrower income have LTV/CLTV limitations that differ from the standa...
04.07.21
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, April 12, 2021, as follows:
03.26.21
VA IRRRL transactions require the current value to be determined by the use of several options including Automated Valuation Models (AVMs).
03.25.21
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, March 29, 2021, as follows:
