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12.20.24
VA recently updated Chapter 6, Topic 3 of their handbook, Cash-out Refinances. As a part of the update, refinance seasoning requirements were clari...
Pennymac is pleased to announce that we are aligning with Fannie Mae and Freddie Mac’s recently announced update and extension of the temporary dow...
12.18.24
Per FHA Mortgagee Letter 2024-21, effective with case number assigned on or after January 1, 2025, Pennymac is aligning with FHA’s increase to the ...
12.17.24
Pennymac would like to remind lenders of the requirements for properties located within a Coastal Barrier Resource System (CBRS) or Otherwise Prote...
Please note the hours of operation for the Best Efforts Commitment Option:
12.16.24
VA regulations limit the fees and charges that may be charged to or paid by a Veteran, surviving spouse, or assumer (hereafter Veteran) obtaining o...
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, December 17, 2024 as follows:
12.10.24
11.26.24
Effective immediately, Pennymac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Ma...
11.21.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, November 25, 2024 as follows:
Please note the hours of operation for the Best Effort Commitment Option:
11.18.24
On 2/29/2024, Pennymac announced Fannie Mae HomeReady and Freddie Mac Home Possible temporary down payment assistance ($2,500) for very low-income ...
11.07.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, November 8, 2024 as follows:
11.05.24
Pennymac will update Conventional LLPAs and the SRP Grid values effective for all Best Efforts Commitments taken on or after Wednesday, November 6,...
11.04.24
