Non-Delegated Announcements - Page 3

Delegated Non-Delegated

09.13.24

24-84: Freddie Mac Bulletin 2024-10: Calculation of Incom...

Effective immediately, Pennymac is aligning with updates announced in Freddie Mac Bulletin 2024-10 for the calculation of fluctuating hourly employ...

09.09.24

24-83: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, September 10, 2024 as follows:

09.05.24

24-82: Freddie Mac Bulletin 2024-12: Flood Insurance Prem...

Pennymac announcement 24-72 released August 16, 2024, announced alignment to Freddie Mac’s bulletin 2024-7 requirements to use the full risk premiu...

08.30.24

24-81: AUS Jumbo General Updates and Clarifications

Effective August 30th, 2024, the AUS Jumbo product profile has been updated with the following:

08.29.24

24-80: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, August 30, 2024 as follows:

08.26.24

24-79: Hours of Operation for Labor Day Holiday

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

08.26.24

24-78: Updates to Conventional & Government LLPAs

Pennymac will update Conventional & Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, August 27, 2024 as follows:

08.26.24

24-77: Early Payment Default Seller Guide Update

Effective with loans triggering for Early Payment Default at the end of July 2024, Pennymac may offer the following in lieu of repurchase:

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: