Announcements

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06.26.20

20-43: Fannie Mae’s Updated Lender Letters 03/04 dated Ju...

Effective immediately, PennyMac is aligning with the updates announced in Fannie Mae’s Updated Lender Letters 03/04 dated June 11, 2020, SEL 2020-0...

06.24.20

20-42: Hours of Operation for the 4th of July Holiday

Please note the hours of operation for Best Effort and Bulk Commitment Options:

06.12.20

20-41: Fannie Mae’s Updated Lender Letter 2020-03 dated M...

Effective for conventional loans with applications on or after June 11, 2020, PennyMac is aligning with the guidance given in Fannie Mae’s Updated ...

06.12.20

20-40: Introducing PennyMac Performance Portal (P3)

PennyMac has developed an enhanced, more streamlined platform for our clients, creating a better experience throughout. We’ll start migrating you t...

06.11.20

20-39: Updates to Best Effort LLPAs

PennyMac will make updates to both Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Monday, June 15, 2...

06.05.20

20-38: Fannie Mae’s Updated Lender Letter 2020-03 dated M...

Effective immediately, PennyMac is aligning with the guidance given in Fannie Mae’s Updated Lender Letter 2020-03 dated May 19, 2020 and Freddie Ma...

06.02.20

20-37: Update to VVOE Timeline

Effective immediately, for all conventional Fannie Mae and Freddie Mac loans, PennyMac is updating the requirement for a verbal verification of emp...

05.27.20

20-36: PennyMac Announcement #20-23 Rescinded

In announcement #20-23 PennyMac announced that we will not purchase any delegated or nondelegated conventional loan where the appraisal has a Colla...

05.13.20

20-35: Updates to Government LLPAs

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Friday, May 15, 2020, as follows:

05.13.20

20-34: Hours of Operation for Memorial Day Holiday

Please note the hours of operation for Best Effort and Bulk Commitment Options:

05.08.20

20-33: Additional Updates to PennyMac’s Cash-Out Forbeara...

Effective with loans purchased on or after May 8, 2020, PennyMac is removing the repurchase requirement for Conventional Cash-Out refinances that e...

05.07.20

20-32: Updates to Forbearance Policies, Fannie Mae’s Upda...

PennyMac is amending announcement #20-26 titled Loans in Early Forbearance. Effective immediately, a conventional purchase or rate and term loan th...

05.05.20

20-31: Updates to Conventional Cashout LLPAs

Effective with commitments on or after May 4, 2020, PennyMac is temporarily suspending new commitments for purchase of all Non-Delegated convention...

05.03.20

20-30: Non-Delegated Conventional Cash-Out Suspended

Effective with commitments on or after May 4, 2020, PennyMac is temporarily suspending new commitments for purchase of all Non-Delegated convention...

04.29.20

20-29: Suspension of the Enterprise Paid Mortgage Insuran...

Effective with locks on or after April 29, 2020, PennyMac is temporarily pausing the Enterprise Paid Mortgage Insurance (EPMI) program. All other m...