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09.28.20
Effective immediately, PennyMac is aligning with FHA Mortgagee Letter 2020-30 and the guidance given in USDA’s most recent FAQ publication on Septe...
09.23.20
The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020. ...
09.17.20
PennyMac is aligning with the updates in Fannie Mae SEL 2020-05, Freddie Mac’s Bulletin 2020-36, except as indicated below.
09.15.20
Per the Fiscal Year 2021 Commitment Notice released September 14, 2020, funding for the USDA Rural Housing Loan Program will be temporarily unavail...
09.10.20
Effective Immediately, PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transact...
09.09.20
09.03.20
PennyMac will begin taking Bulk AOT deliveries effective September 4, 2020. The maximum commitment period allowed will be 7 days, and limited to on...
09.01.20
Please note the hours of operation for Best Effort and Bulk Commitment Options:
08.28.20
08.25.20
The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of their Adverse Market Refinance Fee until December 1...
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 ...
