08.30.21
21-64: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, September 1, 2021, as f...
08.16.21
21-63: Fannie Mae LL 2021-03 (8.11.21) and Freddie Mac Bu...
Effective immediately, PennyMac is aligning with Fannie Mae Lender Letter 2021-03 (8.11.2021) and Freddie Mac Bulletin 2021-28.
08.16.21
21-62: Updates to Best Efforts Rate Sheet
Effective for all Best Effort commitments taken on or after August 18, 2021, PennyMac will make the following changes to the BE rate sheet:
08.04.21
21-61: August Product Highlight | FNMA RefiNow and FHLMC ...
RefiNow and Refi Possible are newly introduced rate and term refinance programs from Fannie Mae and Freddie Mac that are available for low- to mode...
07.29.21
21-60: Updates to Conventional LLPAs
Effective for all Best Effort commitments taken on or after July 30, 2021, PennyMac will make the following changes to the BE rate sheet:
07.26.21
21-59: Fannie Mae SEL 2021-06 and Freddie Mac Bulletin 20...
PennyMac is aligning with all the Fannie Mae updates announced in SEL 2021-06 and Freddie Mac Bulletin 2021-25. The updates include but are not lim...
07.23.21
21-58: Updates to Best Efforts Rate Sheet
Effective for all Best Effort commitments taken on or after July 27, 2021, PennyMac will make the following changes to the BE rate sheet:
07.19.21
21-57: Adverse Market Refinance Fee
On Friday, July 16th PennyMac announced that it had removed the Adverse Market Refinance Fee from Bulk bids and Best Efforts rate sheets as a resul...
07.16.21
21-56: Elimination of the Adverse Market Refinance Fee
Effective immediately, PennyMac is removing the Adverse Market Refinance Fee for any new Bulk and Best Effort commitments.
07.13.21
21-55: Updates to Government LLPAs
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Thursday, July 15, 2021, as follows:
07.12.21
21-54: Flexible Pricing Options
A complex market requires nimble solutions. PennyMac Correspondent Group allows off rate sheet pricing to help meet the needs of your borrower and ...
07.09.21
21-53: Updates to the Email Subscription Options for P3 U...
Effective immediately, the following additional email notification features are available to P3 users. Initial set-up of the email notifications fo...
07.08.21
21-52: FHA ML 2021-13
Effective immediately, for all FHA full doc and credit qualifying streamlines, PennyMac is aligning with the requirements in FHA ML 2021-13 Student...
06.28.21
21-51: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, June 30, 2021, as follows:
06.25.21
21-50: Fannie Mae LL-2021-10 6.16.21 Updates – RefiNow Op...
PennyMac is aligning with Fannie Mae’s updates of Lender Letter 2021-10 dated 6/16/2021. Updates to the RefiNow Option include but are not limited ...