PennyMac has made revisions to the sample rates sheets in relation to the previous announcement 17-19 pertaining to Fannie Mae’s HomeReady and Freddie Mac’s Home Possible programs. Changes include:
1) BE Rate Sheet: On the tabs Home Possible and Home Possible Advantage, labels now show “FHLMC” where previously showed “FNMA”.
2) BE and AOT-DT Rate Sheet: On the tab “Conv LLPAs”, the Home Possible/HomeReady LLPA Cap values now show as negative.
A sample of the updated rate sheet will be posted to the PennyMac Portal after 6:00 PM (PT) on Friday, May 12th, 2017. Sample rate sheets will be available for download shortly after the email notification is sent from ‘PennyMac Correspondent Pricing’ <email@example.com>.
Note: Sample rate sheets are intended for communication only. Rate sheets posted the following business morning will be effective for new commitments.
Please contact your Sales Representative with any questions.