Non-Delegated Announcements - Page 13

Delegated Non-Delegated

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.

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

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...

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:

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...

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.

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...