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11.11.21
On October 8th, PennyMac announced increased high balance loan limits for select high cost area counties up to $937,500 for one unit properties.
11.04.21
PennyMac is aligning with the Fannie Mae updates announced in Lender Letter 2021-10 dated 10/20/21. Updates to the RefiNow option include but are n...
The Fannie Mae Student Loan Cash-out is a conventional refinance mortgage product designed to assist borrowers who carry student loan debt. It is u...
11.03.21
PennyMac will be improving pricing by over 3 points on the ‘Approve/Ineligible, <720, >625,000’ LLPA in the Conventional High Balance Mortgage Loan...
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
PennyMac will make the following updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 5, ...
10.29.21
Effective with loans delivered on or after 11/15/2021, PennyMac is aligning with the increase to the maximum LTV/TLTV for Home Possible Mortgages s...
10.28.21
PennyMac will make the following updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Monda...
In Bulletin 2021-17, Freddie Mac introduced the Refi Possible mortgage offering as a new “no-cash out” refinance option for low-income borrowers.
10.27.21
PennyMac Correspondent is pleased to introduce a new method of locking which will enhance the efficiency and lock experience for our Delegated Best...
10.25.21
PennyMac will be improving pricing by 50 basis points on the ‘Approve/Ineligible, >=720, >625,000’ LLPA in the Conventional High Balance Mortgage L...
10.18.21
PennyMac will make the following updates to the Conventional High Balance LLPAs effective for all Best Effort commitments taken on or after Wednesd...
10.15.21
As a reminder, all FHA COVID specific flexibilities and guidelines have expired as of case number assignments on or after October 1, 2021. FHA issu...
10.12.21
PennyMac will make the following updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Thurs...
10.08.21
On September 22nd, we announced expanded conventional loan limits to at least $625,000 for all states and counties. (See Announcement 21-73)
