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08.26.24
Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 27, 2024 as follows:
Effective with loans triggering for Early Payment Default at the end of July 2024, Pennymac may offer the following in lieu of repurchase:
08.19.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 20, 2024 as follows:
Effective immediately, Pennymac will review appraisals for eligibility on locked Jumbo loans. By accepting this Submission form
08.16.24
On May 20, 2024 FHA issued Info 2024-30 announcing the publication of the updated Single Family Housing Policy Handbook 4000.1. The updates were ex...
In Bulletin 2024-6, Freddie Mac announced changes to limit acceptable sources of large deposits to the following:
Effective for note dates on and after September 5, 2024, Freddie Mac is updating the Selling Guide to require that if a flood insurance policy on t...
08.15.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, August 19, 2024 as follows:
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...
