Non-Delegated Announcements

Delegated Non-Delegated

11.26.24

24-105: Conventional Loan Limit Increase for 2025

Effective immediately, Pennymac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Ma...

11.21.24

24-104: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 25, 2024 as follows:

11.21.24

24-103: Hours of Operation for Thanksgiving Holiday 2024

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

11.18.24

24-102: Reminder: Deadline for HomeReady & Home Possible ...

On 2/29/2024, Pennymac announced Fannie Mae HomeReady and Freddie Mac Home Possible temporary down payment assistance ($2,500) for very low-income ...

11.07.24

24-101: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, November 8, 2024 as follows:

11.05.24

24-100: Updates to Conventional LLPAs and SRP

Pennymac will update Conventional LLPAs and the SRP Grid values effective for all Best Efforts Commitments taken on or after Wednesday, November 6,...

11.04.24

24-99: Hours of Operation for Veterans Day Holiday

Please note the hours of operation for the Best Efforts Commitment Option:

10.31.24

24-98: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Friday, November 1, 2024 as follows:

10.18.24

24-97: FHA Appraisal Review and Reconsideration of Value ...

Effective for new casefiles assigned on and after October 31, 2024, FHA is introducing new appraisal review requirements, expanding reconsideration...

10.18.24

24-96: AUS Jumbo: Appraisal Requirements - Additional Val...

On August 14th, 2024, Pennymac issued announcement 24-70 detailing secondary valuation requirements for single appraisals for AUS Jumbo loan transa...

10.16.24

24-95: Fannie Mae SEL 2024-03 and Freddie Mac Bulletin 20...

Effective for applications dated on and after October 31, 2024, Fannie Mae and Freddie Mac, in collaboration with HUD, are introducing a new Recons...

10.15.24

24-94: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 16, 2024 as follows:

10.14.24

24-93: Freddie Mac Launches LPA Choice Messaging

Effective for new submissions in LPA on and after October 13, 2024, Freddie Mac has implemented enhanced LPA messages for certain loans that receiv...

10.08.24

24-92: Escrow Account and Ginnie Mae Loan Data Matching R...

Pennymac is issuing the following reminders regarding escrow/impound accounts and Ginnie Mae loan data matching:

10.01.24

24-91: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 2, 2024 as follows: