Non-Delegated Announcements - Page 2

Delegated Non-Delegated

10.09.23

23-57: Increased Loan Limits Now Available

Pennymac Correspondent is excited to announce that we’re raising our Conventional loan limits to $750,000, effective Wednesday, October 11 2023.

10.06.23

23-56: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, October 09 2023 as follows:

09.29.23

23-55: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, October 02 2023 as follows

09.20.23

23-54: Updates to Conventional and Jumbo LLPAs

Pennymac will update Conventional and Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 21 2023 as follows

09.13.23

23-53: Fannie Mae SEL 2023-06 Condo Project Manager Updates

Pennymac is aligning with the Condo Project Manager (CPM) updates announced in Fannie Mae SEL 2023- 06.

09.13.23

23-52: GSE Updated Condo Project Review Requirements

Pennymac is aligning with the FHFA based updated project review and eligibility requirements announced in Fannie Mae SEL 2023-06 and Freddie Mac Bu...

09.13.23

23-51: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, September 15 2023 as follows

09.12.23

23-50: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, September 13 2023 as follows

08.28.23

23-49: Hours of Operation for Labor Day Holiday

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

08.28.23

23-48: Updates to Conventional & Government LLPAs

Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, August 30 2023 as follows

08.14.23

23-47: Fannie Mae 2023-06 Updated Eligibility Requirement...

Pennymac is aligning with Fannie Mae’s required update on the eligibility requirements for limited cash-out refinances, announced in SEL-2023-06.

08.14.23

23-46: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, August 16 2023 as follows

08.09.23

23-45: Freddie Mac Bulletin 2023-15 Condo Project Advisor...

Pennymac is aligning with Freddie Mac’s Project Assessment Request (PAR) enhanced capability, announced in Bulletin 2023-15.

08.03.23

23-44: FHA Mortgagee Letter 2023-13 SCIF

Pennymac is aligning with the adoption of Fannie Mae/Freddie Mac Form 1103, Supplemental Consumer Information Form (SCIF) as announced in FHA ML 20...

07.28.23

23-43: New Base Pricing Grids for Best Effort Rate Sheets

Effective Friday, August 11, 2023, Pennymac will introduce new Base pricing grids for the following loan amounts: