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04.14.23
Pennymac is pleased to align with Fannie Mae’s Valuation Modernization option.
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, April 17, 2023 as follows
04.11.23
Pennymac is pleased to announce we have released system support for Conventional Credit Fee Caps. Effectively immediately, new Best Effort locks ca...
04.04.23
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 05, 2022 as follows:
03.31.23
Effective immediately, Pennymac is aligning with the Fannie Mae updates announced in Lender Letter 2021-03 dated 2/15/23 and Freddie Mac Bulletin 2...
03.27.23
The Federal Housing Finance Agency (FHFA) recently announced a new effective date of the DTI ratio-based fee to August 01, 2023.
03.16.23
On March 15, 2023, the Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the DTI ratio-based fee until August 1...
03.15.23
The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of the DTI ratio-based fee until August 1, 2023.
03.08.23
Pennymac will be restructuring its Best Efforts rate sheet effective Monday, March 20, 2023.
02.28.23
Effective immediately, Pennymac is aligning with the guidance in Mortgagee Letter 2023-01 and also reminds our Correspondents of the importance in ...
02.27.23
Pennymac is aligning with VA Circular 26-23-06, Funding Fee Charge Update which reduces the funding fee rates for non-exempt Veterans on VA loans c...
Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...
02.14.23
Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...
Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.
02.13.23
Please note the hours of operation for the Best Effort Commitment Option:
