Non-Delegated Announcements - Page 16

Delegated Non-Delegated

11.29.22

22-74: Updates to Conventional LLPAs

Pennymac will update the footnote for the ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Friday, December 02,...

11.29.22

22-73: Conventional Loan Limit Increase for 2023

Effective immediately, PennyMac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Ma...

11.23.22

22-72: Updates to Government LLPAs

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

11.17.22

22-71: Hours of Operation for Thanksgiving Holiday 2022

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

11.16.22

22-70: Update to Conventional LLPAs

Pennymac will introduce a new ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Friday, November 18, 2022 as fol...

11.10.22

22-69: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, November 11, 2022 as follows:

11.04.22

22-68: Updates to Conventional LLPAs

Fannie Mae and Freddie Mac recently announced updates to Loan Level Price Adjusters (LLPA) that will apply to Home Possible & HomeReady and cash-ou...

11.04.22

22-67: Hours of Operation for Veterans Day Holiday

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

11.03.22

22-66: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Monday, November 7, 2022 as follows:

10.28.22

22-65: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Monday, October 31, 2022 as follows:

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...