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07.28.20
Effective Thursday, July 30, 2020, PennyMac will make updates to the Conventional Purchase Special LLPA effective for all Best Effort commitments a...
07.16.20
Purchase and Full Doc Refinance. Effective immediately, PennyMac is aligning with the guidance announced in VA Circular 26-20-25 related to purchas...
06.26.20
Effective immediately, PennyMac is aligning with the updates announced in Fannie Mae’s Updated Lender Letters 03/04 dated June 11, 2020, SEL 2020-0...
06.24.20
Please note the hours of operation for Best Effort and Bulk Commitment Options:
06.12.20
Effective for conventional loans with applications on or after June 11, 2020, PennyMac is aligning with the guidance given in Fannie Mae’s Updated ...
PennyMac has developed an enhanced, more streamlined platform for our clients, creating a better experience throughout. We’ll start migrating you t...
06.11.20
PennyMac will make updates to both Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Monday, June 15, 2...
06.05.20
Effective immediately, PennyMac is aligning with the guidance given in Fannie Mae’s Updated Lender Letter 2020-03 dated May 19, 2020 and Freddie Ma...
06.02.20
Effective immediately, for all conventional Fannie Mae and Freddie Mac loans, PennyMac is updating the requirement for a verbal verification of emp...
05.27.20
In announcement #20-23 PennyMac announced that we will not purchase any delegated or nondelegated conventional loan where the appraisal has a Colla...
05.13.20
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Friday, May 15, 2020, as follows:
05.08.20
Effective with loans purchased on or after May 8, 2020, PennyMac is removing the repurchase requirement for Conventional Cash-Out refinances that e...
05.07.20
PennyMac is amending announcement #20-26 titled Loans in Early Forbearance. Effective immediately, a conventional purchase or rate and term loan th...
05.05.20
Effective with commitments on or after May 4, 2020, PennyMac is temporarily suspending new commitments for purchase of all Non-Delegated convention...
