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12.23.20
Per FHA ML 20-41, effective with case numbers assigned on or after January 1, 2021, PennyMac is aligning with FHA’s increase to the floor and ceili...
12.21.20
As announced in Fannie Mae lender letter 2020-10 and Freddie Mac Bulletin 2020-26, PennyMac will be accepting the redesigned URLA and associated AU...
12.17.20
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:
12.14.20
Effective for all Best Effort commitments taken on or after December 16, 2020, PennyMac will make the following changes to the BE rate sheet:
11.24.20
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 27, 2020, as follows
11.23.20
PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...
11.19.20
This announcement is to clarify announcement 20-65 which was missing one of the MERS ID numbers.
11.17.20
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options
11.09.20
Correspondents are reminded that Ginnie Mae seasoning requirements must be met on all government insured/guaranteed loans.
11.05.20
P3 system maintenance is scheduled to take place this weekend. The maintenance dates are as follows:
11.03.20
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
10.30.20
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, November 3rd, 2020, as follows
10.28.20
The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020.
10.23.20
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 28...
