Delegated Announcements - Page 6

06.07.24

24-58: USDA Stakeholder Announcement: Real Estate Commiss...

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

24-57: AUS Jumbo: Updated Loan Limits, Condominium Projec...

Exciting news! Pennymac is pleased to announce we are expanding our AUS Jumbo loan limits to include Agency High Balance / Super Conforming loan am...

06.06.24

24-56: Fannie Mae & Freddie Mac Condo Project Eligibility

Pennymac is reminding correspondents that condominium projects with a Fannie Mae Condo Project Manager (CPM) “unavailable” status or a Freddie Mac ...

06.04.24

24-55: Clarification Regarding Form 4506-C

In Announcement 23-37 and Announcement 24-47, Pennymac outlined requirements surrounding inaccurate or improperly executed 4506-C forms. Pennymac i...

06.03.24

24-54: Freddie Mac Bulletin 2024-6 Attorney Opinion of Ti...

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

24-53: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 03, 2024 as follows:

05.23.24

24-52: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, May 24, 2024 as follows:

05.21.24

24-51: Hours of Operation for Memorial Day Holiday

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

05.17.24

24-50: Property Insurance Sufficiency

At the direction of FHFA, Fannie Mae and Freddie Mac have updated their Selling Guides to provide more specificity regarding lender responsibilitie...

05.16.24

24-49: Fannie Mae Selling Notice and Freddie Mac Bulletin...

Fannie Mae and Freddie Mac announced the 2024 Area Median Income (AMI) limits with an effective date of May 19, 2024. Pennymac is aligning with the...

05.16.24

24-48: Fannie Mae and Freddie Mac Industry Notice: Clari...

Fannie Mae and Freddie Mac have both issued recent clarifications on how seller-paid real estate agent commissions are treated in light of recent s...

05.10.24

24-47: Form 4506-C Completion Requirements (Updated)

In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...

05.10.24

24-46: Fannie Mae SEL-2023-11 Attorney Title Opinion Lett...

05.09.24

24-45: Freddie Mac 2024-1: LPA Estimated Property Values ...

Freddie Mac is updating their Seller Guide to require lenders to have written procedures in place regarding estimated property values being entered...

05.06.24

24-44: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, May 08, 2024 as follows: