Non-Delegated Announcements

Delegated Non-Delegated

03.07.25

25-23: Updated FHA Guidelines for Rental Income from Boar...

In conjunction with FHA ML 2025-04, Pennymac will allow rental income from boarders to qualify for an FHA- insured mortgage, subject to the require...

03.05.25

25-22: New Post Clear to Close Change Request Form

Effective immediately, Pennymac has updated our Non-Delegated Post CTC Data Change Request Form. This change was made to add efficiency and time sa...

02.28.25

25-21: Freddie Mac Bulletin 2024-7 and 2024-12: Flood Ins...

As previously communicated in Announcement 24-72, Pennymac announced Freddie Mac changes to flood insurance premium calculations.

02.28.25

25-20: Best Effort Rate Sheet Restructure

Effective Monday, March 10, 2025, Pennymac will be updating the Best Effort rate sheet to add new Conventional Spec Base Pricing Grids, and retire ...

02.25.25

25-19: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, February 26, 2025 as follows:

02.20.25

25-18: Fannie Mae Updated Leasehold Estate Requirements

In Selling Guide Announcement 2024-07, Fannie Mae announced revisions to their eligibility requirements for properties subject to leasehold estates.

02.18.25

25-17: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, February 20, 2025 as follows:

02.12.25

25-16: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 14, 2025 as follows:

02.10.25

25-15: Hours of Operation for Presidents Day Holiday

Please note the hours of operation for the Best Effort Commitment Option

02.06.25

25-14: Updates to Conventional and Government LLPAs

Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 07, 2025 as fo...

02.04.25

25-13: Important Updates to Market Area Analysis and Appr...

To promote consistency and transparency in appraisal reports, Freddie Mac and Fannie Mae are implementing updates to their requirements related to ...

02.03.25

25-12: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, February 04, 2025 as follows:

01.29.25

25-11: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, January 30, 2025 as follows:

01.28.25

25-10: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, January 29, 2025 as follows:

01.27.25

25-09: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, January 28, 2025 as follows: