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03.27.24
Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, March 29, 2024 as follows:
03.25.24
Pennymac will update the Best Efforts rate sheet effective for all Commitments as follows:
03.21.24
Pennymac is aligning with Fannie Mae SEL 2024-01 updating their nontraditional credit requirements for loans underwritten using Desktop Underwriter...
Pennymac is aligning with Fannie Mae’s clarification of several income calculation and documentation requirements for borrowers using business inco...
Effective Wednesday, March 27, 2024, Pennymac will be updating the Best Effort rate sheet to include new state-specific Conventional base pricing g...
03.20.24
Pennymac is aligning with the updates to the maximum loan term on a cash-out refinance for manufactured housing as announced in Fannie Mae SEL-2024...
03.18.24
Effective immediately, Pennymac is pleased to announce that cryptocurrency/virtual currency may now be used as funds for closing and reserves on FH...
03.12.24
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, March 18, 2024 as follows:
Freddie Mac issued an industry letter on January 20, 2024 reminding Sellers and Servicers of their obligations to maintain an effective information...
03.07.24
As part of our commitment to maintain the highest quality and security of client data, Pennymac has finalized implementation of Multi-Factor Authen...
03.04.24
FHA requires the debt of a non-borrowing spouse (NBS) to be included on the URLA and included in the qualifying debt ratios if:
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, March 05, 2024 as follows:
02.29.24
Pennymac is pleased to announce a new down payment assistance (DPA) enhancement to the Fannie Mae HomeReady and Freddie Mac Home Possible products....
02.27.24
Pennymac will be restructuring its Best Effort rate sheet effective Monday, March 11, 2024.
02.23.24
Pennymac is aligning with the updates to the Uniform Property Dataset (UPD) as announced in Freddie Mac Bulletin 2023-19. Freddie Mac is transition...
