Non-Delegated Announcements - Page 4

Delegated Non-Delegated

07.01.24

24-60: FHA Info 2024-30 Handbook Updates: Transfer of Gif...

FHA is updating guidelines to expand and clarify requirements and expectations for gift funds transferred prior to settlement and gift funds transf...

06.26.24

24-59: Updates to Conventional LLPAs

Pennymac will update Conventional and Government LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 01, 2024 as follows:

06.26.24

24-58: Hours of Operation for 4th of July Holiday

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

06.14.24

24-57: AUS Jumbo: Updated Reserve Requirements for Cash-o...

Effective with new applications on or after June 14, 2024, Pennymac is updating AUS Jumbo reserve requirements for Cash-out Refinances for all occu...

06.12.24

24-56: Hours of Operation for Juneteenth Holiday

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

06.06.24

24-55: AUS Jumbo: Updated Loan Limits, Condominium Projec...

Exciting news! Pennymac is pleased to announce we are expanding our AUS Jumbo loan limits to include Agency High Balance / Super Conforming loan am...

06.06.24

24-54: Fannie Mae & Freddie Mac Condo Project Eligibility

Pennymac is reminding correspondents that condominium projects with a Fannie Mae Condo Project Manager (CPM) “unavailable” status or a Freddie Mac ...

06.04.24

24-53: Clarification Regarding Form 4506-C

In Announcement 23-32 and Announcement 24-47, Pennymac outlined requirements surrounding inaccurate or improperly executed 4506-C forms. Pennymac i...

05.31.24

24-52: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 03, 2024 as follows:

05.21.24

24-51: Hours of Operation for Memorial Day Holiday 2024

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

05.17.24

24-50: Property Insurance Sufficiency

At the direction of FHFA, Fannie Mae and Freddie Mac have updated their Selling Guides to provide more specificity regarding lender responsibilitie...

05.16.24

24-49: Fannie Mae Selling Notice and Freddie Mac Bulletin...

Fannie Mae and Freddie Mac announced the 2024 Area Median Income (AMI) limits with an effective date of May 19, 2024. Pennymac is aligning with the...

05.16.24

24-48: Fannie Mae and Freddie Mac Industry Notice: Clari...

Fannie Mae and Freddie Mac have both issued recent clarifications on how seller-paid real estate agent commissions are treated in light of recent s...

05.10.24

24-47: Form 4506-C Completion Requirements (Updated)

In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...

05.10.24

24-46: Fannie Mae SEL-2023-11 Attorney Title Opinion Lett...

Effective with new loan applications on or after May 10, 2024, Pennymac is aligning with Fannie Mae SEL-2023-11 regarding expanded eligibility for ...