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04.03.20
The COVID-19 epidemic has caused unprecedented disruption to the lives and incomes of many current and prospective mortgage borrowers throughout th...
Please note the hours of operation for Best Effort and Bulk Commitment Options:
04.02.20
PennyMac is aligning with Fannie Mae’s updated announced in the revised Lender Letter 2020-03 and 2020-04 dated March 31, 2020, and the updates ann...
03.31.20
Effective Wednesday, April 1st, 2020, PennyMac will be updating the values for the Low LTV Special pay-up on the ‘Conv LLPA’ page of the Best Effor...
Effective immediately, for all VA transactions requiring an appraisal, PennyMac is aligning with the appraisal and other flexibilities offered by V...
03.27.20
PennyMac will make updates to the Government FICO LLPAs effective for all Best Effort commitments taken on or after Monday, March 30, 2020.
03.26.20
PennyMac has revised the updates to the Government LLPAs effective for all Best Effort commitments taken on or after Friday, March 27, 2020. New va...
Effective immediately, PennyMac is temporarily suspending the PennyMac requirement for tax transcripts. Note that USDA transactions require tax tra...
03.25.20
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Friday, March 27, 2020, as follows...
03.24.20
Given the current market condition and extreme market volatility, PennyMac will be suspending the Bulk AOT delivery method effective immediately.
03.23.20
PennyMac understands that current conditions are providing unique challenges to the loan origination process. As such, PennyMac is announcing the f...
03.19.20
Effective with locks on or after March 21, 2020, PennyMac is temporarily suspending the purchase of all LIBOR ARM loans including Conventional Stan...
03.17.20
Due to increased volume and resulting call traffic, we would like to encourage clients to use the following email address contacts to ensure effici...
Effective Wednesday March 18th, 2020, PennyMac will be updating the values for the Investment Property Special pay-up on the Best Efforts rate shee...
03.03.20
PennyMac is aligning with Fannie Mae’s most recent Selling Guide updates in SEL-2020-01, Lender Letter 2020-01, and Freddie Mac’s Bulletin 2020-01,...
