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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...
05.03.20
04.29.20
Effective with locks on or after April 29, 2020, PennyMac is temporarily pausing the Enterprise Paid Mortgage Insurance (EPMI) program. All other m...
04.28.20
Due to changes in the market, PennyMac will make adjustments to the updated values in the Conventional ‘FICO/LTV LLPAs Cashout Refinance’ grid effe...
04.27.20
Effective Wednesday, April 29th, 2020, PennyMac will be updating values to the Conventional FICO/LTV LLPAs Cashout Refinance grid. Effective Monday...
04.23.20
Effective with loans purchased on or after April 23, 2020, PennyMac is announcing the following updates regarding loans that enter forbearance afte...
04.21.20
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Monday, April 27, 2020, as follows:
04.17.20
As the COVID-19 pandemic progresses, many states are enacting stay at home or shelter in place requirements, which can impact mortgage lending. Pen...
04.15.20
Due to an increase in appraisals with significant issues, effective with deliveries on or after April 24, 2020 PennyMac will not purchase any deleg...
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.
