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06.28.24
In the Fannie Mae Selling Guide announcement 2024-03, Fannie Mae provided clarifications to their guidelines for trust income and section 8 payments.
06.26.24
Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 01, 2024 as follows
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options: Commitment Options:
06.14.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 17, 2024 as follows:
Effective with new applications on or after June 14, 2024, Pennymac is updating AUS Jumbo reserve requirements for Cash-out Refinances for all occu...
06.12.24
Please note the hours of operation for Best Efforts, Bulk, and Bulk-AOT Commitment Options:
06.11.24
Pennymac is pleased to announce the extension of the Freddie Mac BorrowSmart® Low Income Program (LIP).
06.07.24
In the stakeholder announcement dated May 9, 2024, USDA announced an exemption to exclude real estate commission fees from the 6% cap on seller, or...
06.06.24
Exciting news! Pennymac is pleased to announce we are expanding our AUS Jumbo loan limits to include Agency High Balance / Super Conforming loan am...
Pennymac is reminding correspondents that condominium projects with a Fannie Mae Condo Project Manager (CPM) “unavailable” status or a Freddie Mac ...
06.04.24
In Announcement 23-37 and Announcement 24-47, Pennymac outlined requirements surrounding inaccurate or improperly executed 4506-C forms. Pennymac i...
06.03.24
Effective with applications on or after June 7, 2024, Pennymac is aligning with Freddie Mac Bulletin 2024-6 regarding expanding eligibility for att...
05.31.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 03, 2024 as follows:
05.23.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, May 24, 2024 as follows:
05.21.24
Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:
