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01.05.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Monday, January 8, 2024 as follows
01.04.24
Effective with loan deliveries on or after 2/15/2024, Pennymac is aligning with Freddie Mac’s updated guidance requiring that all borrowers must oc...
12.28.23
Effective for loan applications dated on or after January 1, 2024, Pennymac is aligning with the Fannie Mae changes regarding rental incomes used f...
12.22.23
Effective immediately, Pennymac is aligning with FHA ML 2023-17 supporting the use of rental income for single-family properties with an Accessory ...
12.18.23
Per FHA Mortgagee Letter 2023-21, effective with case number assigned on or after January 1, 2024, Pennymac is aligning with FHA’s increase to the ...
12.15.23
Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:
12.13.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, December 14, 2023 as follows
12.04.23
As part of our commitment to maintain the highest quality and security of our client’s data, Pennymac will begin to use Multi-Factor Authentication...
11.28.23
Effective immediately, Pennymac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Ma...
11.27.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, November 28, 2023 as follows:
11.24.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 27, 2023 as follows:
11.15.23
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options:
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, November 16, 2023 as follows:
Pennymac is aligning with Fannie Mae’s expanded LTV ratio limits to 95% LTV/CLTV/HCLTV for 2-4-unit, principal residence, purchase and limited cash...