Non-Delegated Announcements - Page 10

Delegated Non-Delegated

06.23.23

23-39: Update – Documentation Requirements

Based on recent GSE feedback and QC findings, Pennymac has clarified requirements related to documentation received with the loan file.

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06.20.23

23-38: Property Insurance Requirements and Coverage Amoun...

Based on recent GSE feedback, Pennymac would like to provide a reminder regarding Fannie Mae and Freddie Mac’s condominium project insurance requir...

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06.13.23

23-37: Freddie Mac Bulletin 2023-11 Credit Underwriting U...

Pennymac is aligning with Freddie Mac’s selling guide updates on IRS installment agreements and real estate tax abatements and exemptions, announce...

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06.09.23

23-36: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, June 13, 2023 as follows:

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06.09.23

23-35: Hours of Operation for Juneteenth Holiday

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

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06.07.23

23-34: Freddie Mac Bulletin 2023-9 Property Appraisals an...

Freddie Mac Bulletin 2023-9 Property Appraisals and Condominium Project Updates

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05.24.23

23-33: Fannie Mae SEL 2023-02 Required Use of Condo Proje...

Pennymac is aligning with Fannie Mae’s required use of Condo Project Manager (CPM) for all condo projects under the full review process, announced ...

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05.23.23

23-32: Navigating Form 4506-C: Insights and Tips for Comp...

Since the implementation of the revised IRS Form 4506-C (October 22), Pennymac has experienced an increase in 4506-C IRS related defects.

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05.19.23

23-31: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, May 23, 2023 as follows

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05.18.23

23-30: Hours of Operation for Memorial Day Holiday

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

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05.11.23

23-29: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows

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05.10.23

23-28: Updates to Conventional LLPAs

The Federal Housing Finance Agency (FHFA) announced the rescission of the DTI ratio-based fee. As a result, Pennymac will update the Best Effort ra...

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05.03.23

23-27: Freddie Mac Bulletin 2023-6 Credit Underwriting Up...

Pennymac is aligning with Freddie Mac’s credit underwriting update

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04.28.23

23-26: Manual Underwriting Allowed on VA Loans

Effective immediately, Pennymac is pleased to announce that manual underwriting is now allowed on all VA transactions. Manually underwritten loans,...

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04.21.23

23-25: Updates to Conventional LLPAs

Pennymac is making updates to its ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Tuesday, April 25, 2023 as f...

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