Non-Delegated Announcements

Delegated Non-Delegated

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10.29.26

26-109: Updates to Jumbo and Non-QM LLPAs

Pennymac will update Jumbo and Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Friday, October 30, 2026.

10.22.26

26-108: Updates to Non-QM Prepayment Eligibility for Rest...

Effective with new loan applications dated on or after October 22, 2026, Pennymac is introducing enhanced Non-QM program guidance (A-, A, A+, DSCR)...

10.20.26

26-107: Updates to Conventional and Non-QM LLPAs

Pennymac will update Conventional and Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Thursday, October 22, 2026.

10.20.26

26-106: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, October 21, 2026.

10.15.26

26-105: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, October 16, 2026.

10.14.26

26-104: Freddie Mac's Retirement of Assets as a Basis for...

Pennymac would like to reiterate Freddie Mac's Bulletin 2026-10 announced retirement of "Assets as a Basis for Repayment of Obligations".

10.09.26

26-103: Classic FICO Delivery Requirement Removed

Effective immediately, Pennymac is removing the requirement that all loans delivered under Fannie Mae and Freddie Mac products include a Classic FI...

10.09.26

26-102: Updates to CES

Pennymac will update the max CES price effective for all Best Efforts Commitments taken on or after Monday, October 12, 2026.

10.09.26

26-101: Update to Appraisal Policy: Continued Acceptance ...

Pennymac will continue to accept GSE loans with appraisals in either the UAD 3.6 or legacy UAD 2.6 format.

10.06.26

26-100: Freddie Mac Retires Assets as a Basis for Repayme...

Pennymac is aligning with Freddie Mac’s Bulletin 2026-10 announcement retiring "Assets as a Basis for Repayment of Obligations" effective February ...

10.05.26

26-99: Updates to Conventional and Non-QM LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, October 6, 2026.

10.05.26

26-98: Hours of Operation for Columbus Day Holiday

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

10.02.26

26-97: VantageScore 4.0 Eligibility for GSE Transactions

Pennymac is pleased to announce that VantageScore 4.0 (VS4) is eligible for certain GSE transactions.

09.25.26

26-96: Closed-End Second Program Release

Pennymac is pleased to announce the release of the Pennymac Closed-End Second (CES) Program to our Pennymac Correspondent Group effective immediate...

09.22.26

26-95: Updates to Conventional and Jumbo LLPAs

Pennymac will update Conventional and Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, September 23, 2026.