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04.05.24
Effective Friday, April 19, 2024, Pennymac will be updating the Best Effort rate sheet to include new FHA base pricing grids. These new grids will ...
04.04.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, April 05, 2024 as follows:
04.02.24
On 2/20/2024, VA Loan Guaranty Service released an enhancement to WebLGY, providing lenders with additional information about the existing VA guara...
03.27.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, March 29, 2024 as follows:
03.25.24
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
Pennymac will update the Best Efforts rate sheet effective for all Commitments as follows:
Pennymac is aligning with the recent USDA changes to technical Handbook 1-3555 Chapter 8. Effective 4/1/2024, Guaranteed Underwriting System (GUS) ...
03.21.24
Pennymac is aligning with Fannie Mae SEL 2024-01 updating their nontraditional credit requirements for loans underwritten using Desktop Underwriter...
Pennymac is aligning with Fannie Mae’s clarification of several income calculation and documentation requirements for borrowers using business inco...
Effective Wednesday, March 27, 2024, Pennymac will be updating the Best Effort rate sheet to include new state-specific Conventional base pricing g...
03.20.24
Pennymac is aligning with the updates to the maximum loan term on a cash-out refinance for manufactured housing as announced in Fannie Mae SEL-2024...
03.18.24
Effective immediately, Pennymac is pleased to announce that cryptocurrency/virtual currency may now be used as funds for closing and reserves on FH...
03.15.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, March 18, 2024 as follows:
03.12.24
Freddie Mac issued an industry letter on January 20, 2024 reminding Sellers and Servicers of their obligations to maintain an effective information...
03.07.24
As part of our commitment to maintain the highest quality and security of client data, Pennymac has finalized implementation of Multi-Factor Authen...