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09.25.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 26, 2024 as follows:
On June 5, 2024 Fannie Mae and Freddie Mac announced that builder standby/builder forward commitment fees are not subject to Interested Party Contr...
Available immediately but required and effective for mortgages with note dates on or after November 8, 2024, the following income underwriting and ...
09.23.24
Effective for FHA casefile numbers assigned on or after November 4, 2024 and announced in Mortgagee Letter 2024-13, FHA is expanding the 203(k) pro...
Per the Fiscal Year 2025 Conditional Commitment Notice released September 9, 2024, funding for the USDA Rural Housing Loan Program will be temporar...
09.19.24
The Pennymac AUS Jumbo product profile is being updated with the following clarifications effective for applications dated on or after September 19...
09.17.24
Available immediately but required and effective for note dates on or after November 1, 2024, Fannie Mae and Freddie Mac have published state-speci...
09.16.24
Pennymac Correspondent is excited to announce that we’re raising our Conventional loan limits to $795,0001 for all commitment types, effective 09/1...
09.13.24
Effective immediately, Pennymac is aligning with the updates announced in Fannie Mae SEL 2024-05 related to rent credits with an option to purchase...
Effective immediately, Pennymac is aligning with updates announced in Freddie Mac Bulletin 2024-10 for the calculation of fluctuating hourly employ...
09.09.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, September 10, 2024 as follows:
09.05.24
Pennymac announcement 24-82 released August 16, 2024, announced alignment to Freddie Mac’s bulletin 2024-7 requirements to use the full risk premiu...
08.30.24
Effective August 30th, 2024, the AUS Jumbo product profile has been updated with the following:
08.29.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, August 30, 2024 as follows:
08.26.24
Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options: