Non-Delegated Announcements - Page 13

Delegated Non-Delegated

02.27.23

23-13: HUD Mortgagee Letter 2023-05

Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...

02.14.23

23-12: Updates to Fannie Mae and Freddie Mac LLPA Changes

Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...

02.14.23

23-11: Fannie Mae SEL 2023-01 Cash-Out Refinance Eligibility

Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.

02.13.23

23-10: Hours of Operation for President’s Day Holiday

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

02.01.23

23-09: Revised Announcement #23-07 VA Circulars 26-23-03 ...

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

23-08: Fannie Mae and Freddie Mac LLPA Changes

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

23-07: VA Circulars 26-23-03 & 26-23-04: Updates to VA Forms

Pennymac is aligning with the updates to the VA forms announced in VA Circulars 26-23-03 and 26-23-04.

01.24.23

23-06: Revised Announcement #23-02: New Version of 4506-C...

On January 11, 2023, Pennymac published, Reminder: New Version of 4506-C Form. We’ve received feedback from clients indicating that many document p...

01.24.23

23-05: Updates to Conventional LLPAs

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

23-04: FHA ML 2022-18 Acceptance of Private Flood Insurance

Effective immediately, Pennymac is aligning with the published FHA Federal Register final rule, Acceptance of Private Flood Insurance for FHA-Insur...

01.19.23

23-03: New Seasoning Requirement for Freddie Mac Cash-Out...

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

23-02: Reminder: New Version of 4506-C Form

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

23-01: Hours of Operation for Martin Luther King Jr. Day ...

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

12.27.22

22-81: Updates to Conventional LLPAs

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

22-80: ULAD and UCD Requirements for VA Full File Loan Re...

VA Circular 26-22-16, Full File Loan Review Stacking Order Update announced the addition of new documentation requirements for loans that are selec...