Non-Delegated Announcements - Page 4

Delegated Non-Delegated

08.12.24

24-69: Best Effort Rate Sheet Restructure

Pennymac will be restructuring its Best Effort rate sheet effective Friday, August 23, 2024. The changes will be as follows:

08.09.24

24-68: Fannie Mae and Freddie Mac: Turn-key Investments U...

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

24-67: Freddie Mac Bulletin 2024-6: Trended Credit Data

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

24-66: Fannie Mae SEL 2024-04: HomeReady Housing Counseli...

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

24-65: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, July 17, 2024 as follows

07.15.24

24-64: Ginnie Mae Prepayment Monitoring

Ginnie Mae recently published a "Notes & News" memo regarding Prepayment Monitoring Activity. Pursuant to APM 17-06 and Chapter 3, Part 21 §B(1), ...

07.15.24

24-63: Freddie Mac Bulletin 2024-6 Attorney Opinion of Ti...

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

24-62: AUS Jumbo: Zoned Agricultural and Max DTI Expansions

Effective immediately for existing pipeline and new applications, Pennymac is expanding AUS Jumbo requirements to include the following

07.12.24

24-61: Updates to Conventional, Government and Jumbo LLPAs

Pennymac will update Conventional, Government and Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Monday, July 15, 2024 as...

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...