Non-Delegated Announcements - Page 12

Delegated Non-Delegated

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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04.14.23

23-24: Update – Fannie Mae SEL 2023-02 Valuation Moderniz...

Pennymac is pleased to align with Fannie Mae’s Valuation Modernization option.

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04.14.23

23-23: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 17, 2023 as follows

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04.11.23

23-22: Conventional Credit Fee Cap – System Support

Pennymac is pleased to announce we have released system support for Conventional Credit Fee Caps. Effectively immediately, new Best Effort locks ca...

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04.04.23

23-21: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 05, 2022 as follows:

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03.31.23

23-20: Fannie Mae and Freddie Mac COVID-19 Related Updates

Effective immediately, Pennymac is aligning with the Fannie Mae updates announced in Lender Letter 2021-03 dated 2/15/23 and Freddie Mac Bulletin 2...

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03.27.23

23-19: Updates to Conventional LLPAs

The Federal Housing Finance Agency (FHFA) recently announced a new effective date of the DTI ratio-based fee to August 01, 2023.

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03.16.23

23-18: Update to FHFA Debt to Income LLPA

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...

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03.15.23

23-17: FHFA Debt to Income LLPA Delayed

The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of the DTI ratio-based fee until August 1, 2023.

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03.08.23

23-16: Best Effort Rate Sheet Restructure

Pennymac will be restructuring its Best Efforts rate sheet effective Monday, March 20, 2023.

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02.28.23

23-15: FHA ML 2023-01 Updated Instructions for Single Fam...

Effective immediately, Pennymac is aligning with the guidance in Mortgagee Letter 2023-01 and also reminds our Correspondents of the importance in ...

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02.27.23

23-14: VA Circular 26-23-06 Funding Fee Charge Update

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...

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