22-59: Update to Conventional LLPAs
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 29, 2022 as follows:
22-58: Funding for USDA Rural Housing 2023 Fiscal Year
Per the Fiscal Year 2023 Commitment Notice released September 7, 2022, funding for the USDA Rural Housing Loan Program will be temporarily unavaila...
22-57: USDA Rural Housing Announces Updated Forms
USDA Rural Housing’s August 30th announcement introduced the following updated USDA forms:
22-56: Increased VA Loan Limits Now Available
Pennymac Correspondent is excited to announce that we’re raising our VA loan limits to $715,000, effective immediately. This is in addition to our ...
22-55: NY, TX and FL Pricing Grids Added to Best Efforts ...
Pennymac will introduce improved new base pricing grids for New York, Texas and Florida effective for Best Effort Commitments taken on or after Mon...
22-54: Update to Conventional LLPAs
Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Friday, September 16, 2022 as follows:
22-53: Increased Loan Limits Now Available
Pennymac Correspondent is excited to announce that we’re raising our conventional loan limits to $715,000, effective Monday September 12, 2022.
22-52: Loan Document Delivery Update
In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...
22-51: Hours of Operation for Labor Day Holiday
Please note the hours of operation for Best Efforts, Bulk and Bulk AOT Commitment Options:
22-50: Relock Commitment Fees
Effective on new locks, 15-day and 30-day Relock Commitment fees have been lowered.
22-49: FHA DTI Ratio Update
Currently, Pennymac has additional requirements when the DTI ratio exceeds 50% on FHA Full Documentation and FHA 203K loans.
22-48: August Product Highlight | FHA/VA Manufactured Homes
Pennymac Delegated is excited to offer Manufactured Homes on our existing FHA and VA products, including FHA Streamline and VA IRRRL.
22-47: VA Circular 26-22-10
Effective immediately, Pennymac is aligning with VA Circular 26-22-10 which announces a Certificate of Eligibility (COE) enhancement to add the Uni...
22-46: Release of FHA and VA Manufactured Home Loan Program
Effective Monday, July 18, 2022, Pennymac is pleased to announce the release of the FHA Full Documentation, FHA Streamline, VA Full Documentation, ...
22-45: Freddie Mac Bulletin 2022-13
Pennymac is aligning with the Automated Collateral Evaluation (ACE) Waiver Eligibility Updates and the new offering, ACE+ PDR (property data report...