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03.27.23
The Federal Housing Finance Agency (FHFA) recently announced a new effective date of the DTI ratio-based fee to August 01, 2023.
03.16.23
On March 15, 2023, the Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the DTI ratio-based fee until August 1...
03.15.23
The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of the DTI ratio-based fee until August 1, 2023.
03.08.23
Pennymac will be restructuring its Best Efforts rate sheet effective Monday, March 20, 2023.
02.28.23
Effective immediately, Pennymac is aligning with the guidance in Mortgagee Letter 2023-01 and also reminds our Correspondents of the importance in ...
02.27.23
Pennymac is aligning with VA Circular 26-23-06, Funding Fee Charge Update which reduces the funding fee rates for non-exempt Veterans on VA loans c...
Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...
02.14.23
Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...
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
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...
