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06.06.24
Pennymac is reminding correspondents that condominium projects with a Fannie Mae Condo Project Manager (CPM) “unavailable” status or a Freddie Mac ...
06.04.24
In Announcement 23-32 and Announcement 24-47, Pennymac outlined requirements surrounding inaccurate or improperly executed 4506-C forms. Pennymac i...
05.31.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, June 03, 2024 as follows:
05.21.24
Please note the hours of operation for the Best Efforts Commitment Option:
05.17.24
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
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...
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
In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...
Effective with new loan applications on or after May 10, 2024, Pennymac is aligning with Fannie Mae SEL-2023-11 regarding expanded eligibility for ...
05.09.24
Freddie Mac is updating their Seller Guide to require lenders to have written procedures in place regarding estimated property values being entered...
05.06.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, May 08, 2024 as follows:
05.02.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, May 03, 2024 as follows:
05.01.24
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Thursday, May 02, 2024 as follows: Improve values for...
As part of our pre and post purchase loan file due diligence, Pennymac may require documentation to support the exclusion of bona fide discount poi...
In Bulletin 2023-22, Freddie Mac announced clarifications and provided additional specificity to employment income history, earnings types, and inc...
