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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...
04.26.24
In conjunction with enhanced enforcement from the GSEs, Pennymac will begin the review and remediation of inaccurate or improperly executed 4506-Cs...
Pennymac will update Jumbo LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 29, 2024 .
04.19.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 22, 2024 as follows:
04.18.24
In Bulletin 2024-1, Freddie Mac announced changes to trust income requirements pertaining to history of receipt for trust income with pre-determine...
04.16.24
Pennymac is reminding clients of VA’s requirement regarding the use of rental income on a departing residence, and clarifying the following:
04.05.24
Effective Friday, April 19, 2024, Pennymac will be updating the Best Effort rate sheet to include new FHA base pricing grids. These new grids will ...
04.04.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Friday, April 05, 2024 as follows:
04.02.24
On 2/20/2024, VA Loan Guaranty Service released an enhancement to WebLGY, providing lenders with additional information about the existing VA guara...
03.27.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, March 29, 2024 as follows: