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08.14.24
Effective for new applications taken on or after August 30th, 2024, Pennymac is updating AUS Jumbo requirements to include the following:
08.12.24
Pennymac will be restructuring its Best Effort rate sheet effective Friday, August 23, 2024. The changes will be as follows:
08.09.24
Effective for new applications dated on or after August 9, 2024, Pennymac is removing the “Turn-key Investments” requirement from Freddie Mac and F...
08.07.24
Effective August 5, 2024 for new applications and existing pipeline, USDA Rural Development issued Procedure Notice (PN) 621 to announce updates to...
On July 12, 2024, USDA issued Procedure Notice 618 announcing the new 2024 income limits for the Single-Family Housing Guaranteed Loan Program unde...
Effective for loan deliveries on and after August 7, 2024, eMortgages and eNotarization (including RON) are now eligible for Pennymac Fannie Mae an...
08.02.24
Effective for initial Loan Product Advisor (LPA) submissions of conventional loans on or after August 4, 2024, Freddie Mac is requiring trended cre...
07.31.24
Fannie Mae Selling Guide Announcement 2024-04 announced updates and new flexibilities to the HomeReady program that make it easier for borrowers to...
07.16.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, July 17, 2024 as follows
07.15.24
Ginnie Mae recently published a "Notes & News" memo regarding Prepayment Monitoring Activity. Pursuant to APM 17-06 and Chapter 3, Part 21 §B(1), ...
Freddie Mac Bulletin 2024-7 announced removal of restrictions for custom MI and LPMI.
07.12.24
Effective immediately for existing pipeline and new applications, Pennymac is expanding AUS Jumbo requirements to include the following
Effectively immediately for existing pipeline and new applications, Pennymac is aligning with Fannie Mae and Freddie Mac down payment assistance gu...
Pennymac will update Conventional, Government and Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 15, 2024 as...
07.01.24
FHA is updating guidelines to expand and clarify requirements and expectations for gift funds transferred prior to settlement and gift funds transf...
