Non-Delegated Announcements

Delegated Non-Delegated

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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.

09.21.26

26-94: Fannie Mae RefiNow Project Review Update

Pennymac is aligning with Fannie Mae’s update to Lender Letter 2021-10 regarding RefiNow condominium project review requirements, effective August ...

09.18.26

26-93: Updates to Conventional LLPAs

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

09.16.26

26-92: Increased Conventional Loan Limits Now Available

Pennymac is excited to announce that we’re raising our conventional loan limits to $850,000, effective with new locks on or after September 16, 2026.

09.15.26

26-91: Updates to Non-QM LLPAs

Pennymac will update Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, September 16, 2026.

09.04.26

26-90: Non-QM Guideline Updates

Effective for new loan applications dated on or after September 4, 2026, Pennymac is updating Non-QM guidelines regarding prepayment penalty eligib...

09.03.26

26-89: Updates to Conventional, Jumbo, and Non-QM LLPAs

Pennymac will update Conventional, Jumbo, and Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Friday, September 4, 2026.