Non-Delegated Announcements - Page 7

Delegated Non-Delegated

03.12.24

24-24: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, March 18, 2024 as follows:

03.12.24

24-23: Cybersecurity Incidents Reminder

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

24-22: Final Multi-Factor Authentication Implementation

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

24-21: FHA Non-Borrowing Spouse Clarification

FHA requires the debt of a non-borrowing spouse (NBS) to be included on the URLA and included in the qualifying debt ratios if:

03.04.24

24-20: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, March 05, 2024 as follows:

02.29.24

24-19: Temporary Down Payment Assistance Product Enhancem...

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

24-18: Best Effort Rate Sheet Restructure

Pennymac will be restructuring its Best Effort rate sheet effective Monday, March 11, 2024.

02.23.24

24-17: FHLMC 2023-19 Transition to Uniform Property Datas...

Pennymac is aligning with the updates to the Uniform Property Dataset (UPD) as announced in Freddie Mac Bulletin 2023-19. Freddie Mac is transition...

02.22.24

24-16: Fannie Mae SEL 2023-11 Restricted Stock Income

Pennymac is aligning with Fannie Mae SEL-2023-11 announcing Restricted Stock Units (RSUs) and restricted stock income eligibility, effective with n...

02.22.24

24-15: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Friday, February 23, 2024 as follows:

02.16.24

24-14: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, February 20, 2024 as follows:

02.16.24

24-13: FHLMC Bulletin 2023-22 - Unacceptable Appraisal Pr...

Pennymac is aligning with the updates announced in Freddie Mac Bulletin 2023-22 regarding unacceptable appraisal practices.

02.16.24

24-12: Freddie Mac 2023-24 - Condo Project Advisor PAR Up...

Pennymac is aligning with the Condo Project Advisor (CPA) enhancements to Project Assessment Request (PAR) announced in Freddie Mac Bulletin 2023-2...

02.12.24

24-11: Hours of Operation for President’s Day Holiday

Please note the hours of operation for the Best Effort Commitment Option:

02.12.24

24-10: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, February 13, 2024 as follows: