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02.14.23
Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.
02.13.23
Please note the hours of operation for the Best Effort Commitment Option:
02.01.23
On January 25, 2023, Pennymac published Announcement #23-07 addressing VA Circulars 26-23-03 and 26- 23-04: Updates to VA Forms.
01.27.23
Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...
01.25.23
Pennymac is aligning with the updates to the VA forms announced in VA Circulars 26-23-03 and 26-23-04.
01.24.23
On January 11, 2023, Pennymac published, Reminder: New Version of 4506-C Form. We’ve received feedback from clients indicating that many document p...
Pennymac will update the footnote for the ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, January 2...
01.20.23
Effective immediately, Pennymac is aligning with the published FHA Federal Register final rule, Acceptance of Private Flood Insurance for FHA-Insur...
01.19.23
Pennymac is aligning with the new seasoning requirements for a cash-out refinance when the proceeds are being used to pay off a first lien mortgage...
01.11.23
Pennymac is aligning with and requiring the use of the recently published NEW IRS Form 4506-C, revised 10/2022 with loans delivered on or after 2/1...
01.10.23
12.27.22
Pennymac will introduce a new ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, December 28, 2022 as ...
12.23.22
VA Circular 26-22-16, Full File Loan Review Stacking Order Update announced the addition of new documentation requirements for loans that are selec...
12.19.22
Effective for new Best Effort locks taken on or after Wednesday, December 21, 2022, Pennymac is pleased to announce the alignment with Freddie Mac ...
12.15.22
Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Monday, December 19, 2022 as follows: