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03.26.20
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,...
02.24.20
Effective Friday March 6th, 2020, PennyMac will be introducing new Base pricing grids for loan amounts between $200,000 and $225,000, loan amounts ...
02.07.20
Effective with all loans closed on or after June 15, 2020, 2019 tax transcripts will be required, unless the file contains evidence an extension wa...
02.05.20
Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options
02.04.20
Freddie Mac recently extended the effective date for the variable income updates announced in Bulletin 2019-20. As a result of the extension, Penny...
01.23.20
PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Friday, January 31,...
01.13.20
PennyMac is aligning with Freddie Mac’s updates announced in Bulletins 2019-20, 2019-25 and Fannie Mae’s SEL 2019-09, with the exception of all man...
