01.27.21
21-06: Non-U.S. Citizens
PennyMac is aligning with FHA INFO #21-04 which announces that effective January 19, 2021, its permitting individuals classified under the “Deferre...
01.27.21
21-05: Revised Announcement #21-04: Non-Delegated Updates...
Revision January 27, 2021: Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income with locks or submitted...
01.22.21
21-04: Non-Delegated Updates to Self-Employed Borrower LTVs
Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income submitted for eligibility review on or after Janua...
01.12.21
21-03: IRS Form 4506-C, IVES Request for Transcript of Ta...
As announced in Fannie Mae SEL-2020-07, IRS Form 4506-T is being phased out for use by third parties in early 2021.
01.07.21
21-02: Extension of COVID-19 Flexibilities for All Progra...
Effective immediately and until further notice, PennyMac will align with all Fannie Mae, Freddie Mac, FHA, VA, and USDA announced extensions of exi...
01.05.21
21-01: Hours of Operation for Martin Luther King Jr. Day ...
Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options:
12.30.20
20-83: Updates to Government LLPAs
Effective for all Best Effort commitments taken on or after January 6, 2021, PennyMac will make the following changes to the BE rate sheet:
12.23.20
20-82: FHA and VA Loan Limit Increase for 2021
Per FHA ML 20-41, effective with case numbers assigned on or after January 1, 2021, PennyMac is aligning with FHA’s increase to the floor and ceili...
12.21.20
20-81: Use of the Redesigned Loan Application (URLA)
As announced in Fannie Mae lender letter 2020-10 and Freddie Mac Bulletin 2020-26, PennyMac will be accepting the redesigned URLA and associated AU...
12.17.20
20-80: Hours of Operation for December 2020 Holidays
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:
12.14.20
20-79: Updates to Conventional LLPAs
Effective for all Best Effort commitments taken on or after December 16, 2020, PennyMac will make the following changes to the BE rate sheet:
11.24.20
20-78: Fannie Mae and Freddie Mac Conforming Loan Limit I...
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
11.24.20
20-77: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 27, 2020, as follows
11.23.20
20-76: Freddie Mac Bulletins 2020-43 and 44, Fannie Mae L...
PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...
11.19.20
20-75: Reminder of MERS Requirements Clarification
This announcement is to clarify announcement 20-65 which was missing one of the MERS ID numbers.