Non-Delegated Announcements - Page 3

Delegated Non-Delegated

01.27.25

25-09: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, January 28, 2025 as follows:

01.23.25

25-08: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, January 24, 2025 as follows:

01.21.25

25-07: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, January 22, 2025 as follows:

01.15.25

25-06: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Thursday, January 16, 2025 as follows:

01.13.25

25-05: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, January 14, 2025 as follows:

01.10.25

25-04: VA Full Doc and VA IRRRL Program Updates

Pennymac is pleased to announce we have increased the maximum loan limits for VA Full Doc and VA IRRRL loans from $2M to $2.5M and have also update...

01.03.25

25-03: Update to #24-113 Update to VA Seasoning Requirements

In Pennymac announcement #24-113 Update to VA Seasoning Requirements, we announced the seasoning updates would be effective with new loan applicati...

01.02.25

25-02: Hours of Operation for Martin Luther King Jr. Day ...

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

01.02.25

25-01: Hours of Operation for the National Day of Mourning

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

12.27.24

24-115: AUS Jumbo Product Profile Update: 2-Unit Properties

In response to the 2025 GSE conforming loan limit changes, Pennymac is updating the AUS Jumbo product for 2-unit owner-occupied and investment prop...

12.20.24

24-114: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, December 23, 2024 as follows:

12.20.24

24-113: Update to VA Seasoning Requirements

VA recently updated Chapter 6, Topic 3 of their handbook, Cash-out Refinances. As a part of the update, refinance seasoning requirements were clari...

12.20.24

24-112: Important Update and Extension of Temporary Down ...

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

24-111: FHA and VA Increased Loan Limits for 2025

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

24-110: Reminder for Properties Located in CBRS or OPA

Pennymac would like to remind lenders of the requirements for properties located within a Coastal Barrier Resource System (CBRS) or Otherwise Prote...