Non-Delegated Announcements - Page 12

Delegated Non-Delegated

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05.16.24

24-49: Fannie Mae Selling Notice and Freddie Mac Bulletin...

Fannie Mae and Freddie Mac announced the 2024 Area Median Income (AMI) limits with an effective date of May 19, 2024. Pennymac is aligning with the...

05.16.24

24-48: Fannie Mae and Freddie Mac Industry Notice: Clari...

Fannie Mae and Freddie Mac have both issued recent clarifications on how seller-paid real estate agent commissions are treated in light of recent s...

05.10.24

24-47: Form 4506-C Completion Requirements (Updated)

In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...

05.10.24

24-46: Fannie Mae SEL-2023-11 Attorney Title Opinion Lett...

Effective with new loan applications on or after May 10, 2024, Pennymac is aligning with Fannie Mae SEL-2023-11 regarding expanded eligibility for ...

05.09.24

24-45: Freddie Mac 2024-1: LPA Estimated Property Values ...

Freddie Mac is updating their Seller Guide to require lenders to have written procedures in place regarding estimated property values being entered...

05.06.24

24-44: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, May 08, 2024 as follows:

05.02.24

24-43: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, May 03, 2024 as follows:

05.01.24

24-42: Updates to Jumbo LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, May 02, 2024 as follows: Improve values for...

05.01.24

24-41: Bona Fide Discount Points

As part of our pre and post purchase loan file due diligence, Pennymac may require documentation to support the exclusion of bona fide discount poi...

05.01.24

24-40: Freddie Mac Bulletin 2023-22: Income Updates

In Bulletin 2023-22, Freddie Mac announced clarifications and provided additional specificity to employment income history, earnings types, and inc...

04.26.24

24-39: Form 4506-C Completion Requirements

In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...

04.26.24

24-38: Updates to Conventional LLPAs

Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 29, 2024 .

04.19.24

24-37: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 22, 2024 as follows:

04.18.24

24-36: Freddie Mac 2024-1 - Trust Income Update

In Bulletin 2024-1, Freddie Mac announced changes to trust income requirements pertaining to history of receipt for trust income with pre-determine...

04.16.24

24-35: VA – Departing Residence Update

Pennymac is reminding clients of VA’s requirement regarding the use of rental income on a departing residence, and clarifying the following: