Non-Delegated Announcements - Page 15

Delegated Non-Delegated

10.24.22

22-64: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Tuesday, October 25, 2022 as follows:

10.20.22

22-63: Fannie Mae 2022-08 and Freddie Mac Bulletin 2022-18

Pennymac is aligning with the Fannie Mae Updates announced in SEL-2022-08 and Freddie Mac Bulletin 2022-18, with the exception of updates on remote...

10.07.22

22-62: Release of Temporary Interest Rate Buydowns on Con...

Currently, temporary interest rate buydowns are not allowed on our conventional, FHA and VA loan programs.

10.03.22

22-61: Increased Loan Limits Update

Pennymac Correspondent is revising our conventional loan limits to $700,000, effective Tuesday October 4, 2022.

10.03.22

22-60: Manual Underwriting Now Available on FHA Loans

Currently, FHA full documentation loans must be submitted and approved through FHA TOTAL Scorecard. Effective immediately, Pennymac is excited to a...

09.30.22

22-59: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Tuesday, October 4, 2022 as follows:

09.27.22

22-58: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 29, 2022 as follows:

09.21.22

22-57: Increased VA Loan Limits Now Available

Pennymac TPO is excited to announce that we’re raising our non-delegated VA loan limits to $715,000, effective immediately. This is in addition to ...

09.21.22

22-56: NY, TX and FL Pricing Grids Added to Best Efforts ...

Pennymac will introduce improved new base pricing grids for New York, Texas and Florida effective for Best Effort Commitments taken on or after Mon...

09.15.22

22-55: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Friday, September 16, 2022 as follows:

09.09.22

22-54: Increased Loan Limits Now Available

Pennymac TPO is excited to announce that we’re raising our non-delegated conventional loan limits to $715,000, effective Monday September 12, 2022.

09.02.22

22-53: Loan Document Delivery Update

In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...

08.29.22

22-52: Hours of Operation for Labor Day Holiday

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

08.23.22

22-51: Release of FHA and VA Manufactured Home Loan Program

Effective immediately, Pennymac is pleased to announce the release of the FHA Full Documentation, FHA Streamline, VA Full Documentation, and VA IRR...

08.22.22

22-50: Lock Extensions and Relocks

Pennymac TPO is pleased to announce a new, simplified fee structure for lock extensions and relocks for Non-Delegated Correspondent loans.