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03.04.24
FHA requires the debt of a non-borrowing spouse (NBS) to be included on the URLA and included in the qualifying debt ratios if:
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, March 05, 2024 as follows:
02.29.24
Pennymac is pleased to announce a new down payment assistance (DPA) enhancement to the Fannie Mae HomeReady and Freddie Mac Home Possible products....
02.27.24
Freddie Mac recently confirmed the BorrowSmart program is being discontinued. Please review the following dates and timelines carefully.
Pennymac will be restructuring its Best Effort rate sheet effective Monday, March 11, 2024.
02.23.24
Pennymac is aligning with the updates to the Uniform Property Dataset (UPD) as announced in Freddie Mac Bulletin 2023-19. Freddie Mac is transition...
02.22.24
Pennymac is aligning with Fannie Mae SEL-2023-11 announcing Restricted Stock Units (RSUs) and restricted stock income eligibility, effective with n...
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 23, 2024 as follows:
02.16.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, February 20, 2024 as follows
Pennymac is aligning with the updates announced in Freddie Mac Bulletin 2023-22 regarding unacceptable appraisal practices.
Pennymac is aligning with the Condo Project Advisor (CPA) enhancements to Project Assessment Request (PAR) announced in Freddie Mac Bulletin 2023-2...
02.12.24
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 Tuesday, February 13, 2024 as follows:
02.08.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 09, 2024 as follows:
02.01.24
Pennymac is aligning with Freddie Mac Bulletin 2023-19, announcing updates to their rental income requirements. The updates are effective with loan...
