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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...
12.20.19
The IRS has released clarifications to the Taxpayer First Act, which can be found at https://www.irs.gov/newsroom/taxpayer-first-act-cybersecurity-...
12.17.19
Per FHA ML 2019-19, effective with case numbers assigned on or after January 1, 2020, PennyMac is aligning with FHA’s updates to the floor and ceil...
12.16.19
Please note the Holiday hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:
12.11.19
As a reminder, per announcement 19-40 dated July 11, 2019, PennyMac requires that customers identify all loans with an appraisal waiver on bulk bid...
12.09.19
Effective with loans delivered on or after December 16, 2019, PennyMac is requiring all loans to include a consent form meeting the requirements of...
12.04.19
PennyMac is aligning with Fannie Mae’s updates announced in SEL 2019-08. Updates include but are not limited to the following. Effective dates are ...
11.27.19
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, December 4...
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
