Non-Delegated Announcements - Page 2

Delegated Non-Delegated

08.23.24

24-76: Freddie Mac Bulletin 2024-9: Rental Income Updates

On July 3, 2024, Freddie Mac issued Bulletin 2024-9 announcing additional flexibilities for rental income requirements. Pennymac is aligning with t...

08.19.24

24-75: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 20, 2024 as follows:

08.16.24

24-74: FHA Info 2024-30: Handbook 4000.1 Updates

On May 20, 2024, FHA issued Info 2024-30 announcing the publication of the updated Single Family Housing Policy Handbook 4000.1. The updates were e...

08.16.24

24-73: Freddie Mac Bulletin 2024-6: Acceptable Sources of...

In Bulletin 2024-6, Freddie Mac announced changes to limit acceptable sources of large deposits to the following:

08.16.24

24-72: Freddie Mac Bulletin 2024-7: Flood Insurance Premi...

Effective for note dates on and after September 5, 2024, Freddie Mac is updating the Selling Guide to require that if a flood insurance policy on t...

08.15.24

24-71: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, August 19, 2024 as follows:

08.14.24

24-70: AUS Jumbo: Appraisal and Temporary Interest Rate B...

Effective for new applications taken on or after August 30th, 2024, Pennymac is updating AUS Jumbo requirements to include the following:

08.12.24

24-69: Best Effort Rate Sheet Restructure

Pennymac will be restructuring its Best Effort rate sheet effective Friday, August 23, 2024. The changes will be as follows:

08.09.24

24-68: Fannie Mae and Freddie Mac: Turn-key Investments U...

Effective for new applications dated on or after August 9, 2024, Pennymac is removing the “Turn-key Investments” requirement from Freddie Mac and F...

08.02.24

24-67: Freddie Mac Bulletin 2024-6: Trended Credit Data

Effective for initial Loan Product Advisor (LPA) submissions of conventional loans on or after August 4, 2024, Freddie Mac is requiring trended cre...

07.31.24

24-66: Fannie Mae SEL 2024-04: HomeReady Housing Counseli...

Fannie Mae Selling Guide Announcement 2024-04 announced updates and new flexibilities to the HomeReady program that make it easier for borrowers to...

07.16.24

24-65: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, July 17, 2024 as follows

07.15.24

24-64: Ginnie Mae Prepayment Monitoring

Ginnie Mae recently published a "Notes & News" memo regarding Prepayment Monitoring Activity. Pursuant to APM 17-06 and Chapter 3, Part 21 §B(1), ...

07.15.24

24-63: Freddie Mac Bulletin 2024-6 Attorney Opinion of Ti...

Effective with applications on or after July 15, 2024, Pennymac is aligning with Freddie Mac Bulletin 2024-6 regarding expanding eligibility for at...

07.12.24

24-62: AUS Jumbo: Zoned Agricultural and Max DTI Expansions

Effective immediately for existing pipeline and new applications, Pennymac is expanding AUS Jumbo requirements to include the following