Non-Delegated Announcements - Page 8

Delegated Non-Delegated

06.23.23

23-39: Update – Documentation Requirements

Based on recent GSE feedback and QC findings, Pennymac has clarified requirements related to documentation received with the loan file.

Read more

06.20.23

23-38: Property Insurance Requirements and Coverage Amoun...

Based on recent GSE feedback, Pennymac would like to provide a reminder regarding Fannie Mae and Freddie Mac’s condominium project insurance requir...

Read more

06.13.23

23-37: Freddie Mac Bulletin 2023-11 Credit Underwriting U...

Pennymac is aligning with Freddie Mac’s selling guide updates on IRS installment agreements and real estate tax abatements and exemptions, announce...

Read more

06.09.23

23-36: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, June 13, 2023 as follows:

Read more

06.09.23

23-35: Hours of Operation for Juneteenth Holiday

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

Read more

06.07.23

23-34: Freddie Mac Bulletin 2023-9 Property Appraisals an...

Freddie Mac Bulletin 2023-9 Property Appraisals and Condominium Project Updates

Read more

05.24.23

23-33: Fannie Mae SEL 2023-02 Required Use of Condo Proje...

Pennymac is aligning with Fannie Mae’s required use of Condo Project Manager (CPM) for all condo projects under the full review process, announced ...

Read more

05.23.23

23-32: Navigating Form 4506-C: Insights and Tips for Comp...

Since the implementation of the revised IRS Form 4506-C (October 22), Pennymac has experienced an increase in 4506-C IRS related defects.

Read more

05.19.23

23-31: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, May 23, 2023 as follows

Read more

05.18.23

23-30: Hours of Operation for Memorial Day Holiday

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

Read more

05.11.23

23-29: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows

Read more

05.10.23

23-28: Updates to Conventional LLPAs

The Federal Housing Finance Agency (FHFA) announced the rescission of the DTI ratio-based fee. As a result, Pennymac will update the Best Effort ra...

Read more

05.03.23

23-27: Freddie Mac Bulletin 2023-6 Credit Underwriting Up...

Pennymac is aligning with Freddie Mac’s credit underwriting update

Read more

04.28.23

23-26: Manual Underwriting Allowed on VA Loans

Effective immediately, Pennymac is pleased to announce that manual underwriting is now allowed on all VA transactions. Manually underwritten loans,...

Read more

04.21.23

23-25: Updates to Conventional LLPAs

Pennymac is making updates to its ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Tuesday, April 25, 2023 as f...

Read more