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02.01.19
Effective with loans delivered on or after February 4, 2019, PennyMac is removing the temporary guidelines associated with the partial government s...
01.30.19
PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...
01.18.19
In light of the recent Federal Government shutdown, both Fannie Mae and Freddie Mac, in consultation with FHFA, have jointly provided additional gu...
Conventional 25/30 Yr Fixed: PennyMac will be introducing the 4.990% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort ...
01.17.19
PennyMac will be aligning with the updates announced in Freddie Mac’s Bulletin 2018-21 and Bulletin 2018- 23, except as indicated below. Updates in...
FNMA High LTV and FHLMC Enhanced Relief: PennyMac will not be purchasing Fannie Mae’s High LTV or Freddie Mac’s Enhanced LTV at this time. PennyMac...
01.16.19
PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet.
01.10.19
PennyMac will be aligning with the updates announced in Fannie Mae Announcement SEL-2018-09, except as indicated below. Updates include, but are no...
PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT r...
01.08.19
The IRS has recently announced the reopening of the Income Verification Express Service (IVES), which will allow processing of tax transcript reque...
01.04.19
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
12.24.18
PennyMac is providing the following guidance for issues arising during the partial government shutdown. This guidance is automatically rescinded, a...
12.19.18
FHA: Per FHA ML 2018-11, effective with case numbers assigned on or after January 1, 2019, PennyMac is aligning with FHA’s increase to the floor an...
Effective January 2nd, 2018, PennyMac is pleased to announce the release of the Non-Conforming Non-QM Loan Program. Highlights of the program include:
12.10.18
PennyMac will be aligning with the updates announced in Freddie Mac Bulletin 2018-18, 2018-19, and 2018-23, including but not limited to the below....
