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09.27.24
Effective immediately, Advantus and Credit Plus have been removed as eligible vendors for 4506-C purposes. Both Advantus and Credit Plus were prev...
09.25.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 26, 2024 as follows:
Available immediately but required and effective for mortgages with note dates on or after November 8, 2024, the following income underwriting and ...
09.19.24
The Pennymac AUS Jumbo product profile is being updated with the following clarifications effective for applications dated on or after September 19...
09.17.24
Available immediately but required and effective for note dates on or after November 1, 2024, Fannie Mae and Freddie Mac have published state-speci...
09.16.24
Pennymac TPO is excited to announce that we’re raising our Conventional loan limits to $795,0001, effective 09/17/2024
09.13.24
Effective immediately, Pennymac is aligning with updates announced in Freddie Mac Bulletin 2024-10 for the calculation of fluctuating hourly employ...
09.09.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, September 10, 2024 as follows:
09.05.24
Pennymac announcement 24-72 released August 16, 2024, announced alignment to Freddie Mac’s bulletin 2024-7 requirements to use the full risk premiu...
08.30.24
Effective August 30th, 2024, the AUS Jumbo product profile has been updated with the following:
08.29.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, August 30, 2024 as follows:
08.26.24
Please note the hours of operation for the Best Efforts Commitment Option:
Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 27, 2024 as follows:
Effective with loans triggering for Early Payment Default at the end of July 2024, Pennymac may offer the following in lieu of repurchase:
08.23.24
On July 3, 2024, Freddie Mac issued Bulletin 2024-9 announcing additional flexibilities for rental income requirements. Pennymac is aligning with t...
