Non-Delegated Announcements - Page 13

Delegated Non-Delegated

06.20.23

23-38: Property Insurance Requirements and Coverage Amoun...

Based on recent GSE feedback, Pennymac would like to provide a reminder regarding Fannie Mae and Freddie Mac’s condominium project insurance requir...

06.13.23

23-37: Freddie Mac Bulletin 2023-11 Credit Underwriting U...

Pennymac is aligning with Freddie Mac’s selling guide updates on IRS installment agreements and real estate tax abatements and exemptions, announce...

06.09.23

23-36: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, June 13, 2023 as follows:

06.09.23

23-35: Hours of Operation for Juneteenth Holiday

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

06.07.23

23-34: Freddie Mac Bulletin 2023-9 Property Appraisals an...

Freddie Mac Bulletin 2023-9 Property Appraisals and Condominium Project Updates

05.24.23

23-33: Fannie Mae SEL 2023-02 Required Use of Condo Proje...

Pennymac is aligning with Fannie Mae’s required use of Condo Project Manager (CPM) for all condo projects under the full review process, announced ...

05.23.23

23-32: Navigating Form 4506-C: Insights and Tips for Comp...

Since the implementation of the revised IRS Form 4506-C (October 22), Pennymac has experienced an increase in 4506-C IRS related defects.

05.19.23

23-31: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, May 23, 2023 as follows

05.18.23

23-30: Hours of Operation for Memorial Day Holiday

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

05.11.23

23-29: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows

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...

05.03.23

23-27: Freddie Mac Bulletin 2023-6 Credit Underwriting Up...

Pennymac is aligning with Freddie Mac’s credit underwriting update

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,...

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...

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.