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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:
Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 27, 2024 as follows:
Effective with loans triggering for Early Payment Default at the end of July 2024, Pennymac may offer the following in lieu of repurchase:
08.19.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 20, 2024 as follows:
Effective immediately, Pennymac will review appraisals for eligibility on locked Jumbo loans. By accepting this Submission form
08.16.24
On May 20, 2024 FHA issued Info 2024-30 announcing the publication of the updated Single Family Housing Policy Handbook 4000.1. The updates were ex...
In Bulletin 2024-6, Freddie Mac announced changes to limit acceptable sources of large deposits to the following:
Effective for note dates on and after September 5, 2024, Freddie Mac is updating the Selling Guide to require that if a flood insurance policy on t...
08.15.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, August 19, 2024 as follows:
