Delegated Announcements - Page 5

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07.31.24

24-73: Fannie Mae SEL 2024-04: HomeReady Housing Counseli...

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

24-72: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, July 17, 2024 as follows

07.15.24

24-71: Ginnie Mae Prepayment Monitoring

Ginnie Mae recently published a "Notes & News" memo regarding Prepayment Monitoring Activity. Pursuant to APM 17-06 and Chapter 3, Part 21 §B(1), ...

07.15.24

24-70: Freddie Mac Bulletin 2024-7: Custom Mortgage Insu...

Freddie Mac Bulletin 2024-7 announced removal of restrictions for custom MI and LPMI.

07.12.24

24-69: AUS Jumbo: Zoned Agricultural and Max DTI Expansions

Effective immediately for existing pipeline and new applications, Pennymac is expanding AUS Jumbo requirements to include the following

07.12.24

24-68: Fannie Mae and Freddie Mac Down Payment Assistance...

Effectively immediately for existing pipeline and new applications, Pennymac is aligning with Fannie Mae and Freddie Mac down payment assistance gu...

07.12.24

24-67: Updates to Conventional, Government and Jumbo LLPAs

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

24-66: FHA Info 2024-30 Handbook Updates: Transfer of Gif...

FHA is updating guidelines to expand and clarify requirements and expectations for gift funds transferred prior to settlement and gift funds transf...

06.28.24

24-65: Fannie Mae Trust Income and Section 8 Clarifications

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

24-64: Updates to Conventional and Government LLPAs

Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 01, 2024 as follows

06.26.24

24-63: Hours of Operation for 4th of July Holiday

Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options: Commitment Options:

06.14.24

24-62: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 17, 2024 as follows:

06.14.24

24-61: AUS Jumbo: Updated Reserve Requirements for Cash-o...

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

24-60: Hours of Operation for Juneteenth Holiday

Please note the hours of operation for Best Efforts, Bulk, and Bulk-AOT Commitment Options:

06.11.24

24-59: Freddie Mac BorrowSmart® Low Income Program

Pennymac is pleased to announce the extension of the Freddie Mac BorrowSmart® Low Income Program (LIP).