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03.27.17
PennyMac is pleased to announce the removal of price caps on Conventional and Government Best Effort loans, for new commitments taken on or after ...
03.21.17
PennyMac will revise SRP grids effective for all commitments taken on or after Monday, April 3, 2017. PennyMac is aligning the SRP grid header to ...
03.08.17
Effective immediately for Freddie Mac loans, PennyMac will align with Freddie Mac’s updates to income and assets as announced in Freddie Mac Bulle...
03.06.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, the following overlay updates are effective with commitme...
02.27.17
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
02.23.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, effective Tuesday, February 28, 2017, PennyMac is updatin...
02.13.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, effective immediately, PennyMac is updating overlays for ...
02.02.17
Effective immediately, PennyMac is aligning with VA’s student loan payment calculation requirement, and Lenders may begin using VA’s updated guide...
01.26.17
Mortgage loans purchased by PennyMac require delivery of all trailing documents as they become available but not to exceed 270 days from the purch...
01.18.17
For new Best Effort commitments taken on or after Thursday, January 19th, 2017, PennyMac will reduce the minimum extension term to one (1) calenda...
01.11.17
12.30.16
Effective immediately, PennyMac will discontinue the $75 property inspection waiver (PIW) fee, in conjunction with Fannie Mae's removal of the...
12.23.16
Effective immediately, for all FHA Streamlines and VA IRRRLs
12.20.16
Effective with case numbers assigned on or after January 1, 2017, PennyMac is aligning
12.06.16
PennyMac is pleased to announce expansion of the Best Effort grids to include specialized base pricing for loan amounts less than 200K.