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02.05.21
Effective for all Best Effort commitments taken on or after February 10, 2021, PennyMac will make the following changes to the BE rate sheet
01.27.21
PennyMac is aligning with FHA INFO #21-04 which announces that effective January 19, 2021, its permitting individuals classified under the “Deferre...
Revision January 27, 2021: Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income with locks or submitted...
01.22.21
Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income submitted for eligibility review on or after Janua...
01.12.21
As announced in Fannie Mae SEL-2020-07, IRS Form 4506-T is being phased out for use by third parties in early 2021.
01.07.21
Effective immediately and until further notice, PennyMac will align with all Fannie Mae, Freddie Mac, FHA, VA, and USDA announced extensions of exi...
01.05.21
Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options:
12.30.20
Effective for all Best Effort commitments taken on or after January 6, 2021, PennyMac will make the following changes to the BE rate sheet:
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...
