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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...
08.19.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 20, 2024 as follows:
08.16.24
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...
In Bulletin 2024-6, Freddie Mac announced changes to limit acceptable sources of large deposits to the following:
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
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, August 19, 2024 as follows:
08.14.24
Effective for new applications taken on or after August 30th, 2024, Pennymac is updating AUS Jumbo requirements to include the following:
08.12.24
Pennymac will be restructuring its Best Effort rate sheet effective Friday, August 23, 2024. The changes will be as follows:
08.09.24
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
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
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
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, July 17, 2024 as follows
07.15.24
Ginnie Mae recently published a "Notes & News" memo regarding Prepayment Monitoring Activity. Pursuant to APM 17-06 and Chapter 3, Part 21 §B(1), ...
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
Effective immediately for existing pipeline and new applications, Pennymac is expanding AUS Jumbo requirements to include the following