Non-Delegated Announcements

Delegated Non-Delegated

11.28.23

23-72: Conventional Loan Limit Increase for 2024

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

11.27.23

23-71: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, November 28, 2023 as follows:

11.24.23

23-70: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 27, 2023 as follows:

11.15.23

23-69: Hours of Operation for Thanksgiving Holiday 2023

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

11.15.23

23-68: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, November 16, 2023 as follows:

11.15.23

23-67: Fannie Mae - Increased LTV limits for 2 - 4 Unit P...

Pennymac is aligning with Fannie Mae’s expanded LTV ratio limits to 95% LTV/CLTV/HCLTV for 2-4-unit, principal residence, purchase and limited cash...

11.13.23

23-66: Fannie Mae SEL-2023-08: Personal Gifts and Gifts o...

Effective immediately, Pennymac is aligning with the Fannie Mae changes regarding personal gifts and gifts of equity as outlined in SEL-2023-08.

11.13.23

23-65: Student Loan, Cash-Out Refinances and Additional G...

Effective immediately, Pennymac is aligning with the updates announced in Freddie Mac Bulletin 2023-18.

11.07.23

23-64: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, November 08, 2023 as follows:

11.01.23

23-63: VA Adjustable-Rate Mortgage Update

Effective immediately, Pennymac will no longer accept VA adjustable-rate mortgages (ARMs) with temporary buydowns.

10.27.23

23-62: Fannie Mae SEL 2023-08 and SEL 2023-09

Pennymac is aligning with the updates announced in Fannie Mae SEL 2023-08 and SEL 2023-09. The updates include but are not limited to the following...

10.23.23

23-61: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, October 24 2023 as follows:

10.16.23

23-60: P3 Multi-Factor Authentication Set Up

As part of our commitment to maintain the highest quality and security of our client’s data, Pennymac will begin to use Multi-Factor Authentication...

10.13.23

23-59: Change in 4506-C IVES Participant Requirements

Effective with loans delivered for purchase on or after November 13, 2023, Pennymac will require that the IRS Form 4506-C, Section 5a (IVES partici...

10.10.23

23-58: Revised Announcement #23-57 Increased Loan Limits ...

Pennymac Correspondent is excited to announce that we’re raising our Conventional loan limits to $750,000, effective Wednesday, October 11, 2023