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08.25.20
Effective for all Best Effort commitments on or after Wednesday, August 26, 2020, PennyMac will update the value for the Conventional Purchase Spec...
08.21.20
Effective for all conventional loans with locks on or after August 25, 2020, PennyMac is limiting borrowers qualifying with self-employed income to...
PennyMac is aligning with the updates in Fannie Mae’s SEL 2020-04, Freddie Mac’s Bulletin 2020-31, and FHA’s Mortgagee Letter 2020-24 including but...
08.17.20
Fannie Mae and Freddie Mac recently announced an adverse market refinance fee of 50 basis points to be assessed on whole loans purchased by the age...
07.29.20
PennyMac will make updates to ‘Government FICO Price Adjustments’ LLPAs effective for all Best Effort commitments taken on or after Monday, August ...
07.28.20
Effective Thursday, July 30, 2020, PennyMac will make updates to the Conventional Purchase Special LLPA effective for all Best Effort commitments a...
07.16.20
Purchase and Full Doc Refinance. Effective immediately, PennyMac is aligning with the guidance announced in VA Circular 26-20-25 related to purchas...
06.26.20
Effective immediately, PennyMac is aligning with the updates announced in Fannie Mae’s Updated Lender Letters 03/04 dated June 11, 2020, SEL 2020-0...
06.24.20
Please note the hours of operation for Best Effort and Bulk Commitment Options:
06.12.20
Effective for conventional loans with applications on or after June 11, 2020, PennyMac is aligning with the guidance given in Fannie Mae’s Updated ...
PennyMac has developed an enhanced, more streamlined platform for our clients, creating a better experience throughout. We’ll start migrating you t...
06.11.20
PennyMac will make updates to both Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Monday, June 15, 2...
06.05.20
Effective immediately, PennyMac is aligning with the guidance given in Fannie Mae’s Updated Lender Letter 2020-03 dated May 19, 2020 and Freddie Ma...
06.02.20
Effective immediately, for all conventional Fannie Mae and Freddie Mac loans, PennyMac is updating the requirement for a verbal verification of emp...
05.27.20
In announcement #20-23 PennyMac announced that we will not purchase any delegated or nondelegated conventional loan where the appraisal has a Colla...
