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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:
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...