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10.18.24
On August 14th, 2024, Pennymac issued announcement 24-80 detailing secondary valuation requirements for single appraisals for AUS Jumbo loan transa...
10.16.24
Effective for applications dated on and after October 31, 2024, Fannie Mae and Freddie Mac are introducing a new Reconsideration of Value (ROV) pro...
10.15.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 16, 2024 as follows:
10.14.24
Effective for new submissions in LPA on and after October 13, 2024, Freddie Mac has implemented enhanced LPA messages for certain loans that receiv...
10.08.24
Pennymac is issuing the following reminders regarding escrow/impound accounts and Ginnie Mae loan data matching:
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options:
10.01.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 2, 2024 as follows:
09.30.24
Starting January 1, 2025, Pennymac is raising the required Tangible Net Worth (“TNW”) for all delegated correspondent Clients to $2.5 million.
Available immediately but effective with mortgage applications dated on and after October 7, 2024, Fannie Mae added guidance clarifying requirement...
09.27.24
Effective immediately, Advantus and Credit Plus have been removed as eligible vendors for 4506-C purposes. Both Advantus and Credit Plus were prev...
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, September 30, 2024 as follows:
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...
