23-42: Revised Announcement #23-41 Extended Lock Commitments

07/26/2023
Download

Pennymac is revising the go-live date to “TBD,” and the updated schedule will be communicated through a future announcement.

Effective with locks on or after 7/27/2023 “TBD”, Pennymac is pleased to announce the release of Extended Lock Commitments for Best Efforts.

Highlights of the program include:

  • Introduction of 120-, 150- & 180-Day Lock Commitments.
  • Applies to Conventional, FHA & VA Fixed Rate 30 Year products only.
  • The Extended Lock Commitments do not apply to Specialty Products.
  • The price adjustment will be added to the 75 Day price.
  • Applies to Best Efforts only.

announcement 23-42 table image

Please contact your Sales Representative with any questions.