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06.25.21
Effective immediately, PennyMac is updating the requirements for non-delegated loans as shown on the below table:
Please note the hours of operation for Best Effort and Bulk Commitment Options:
06.18.21
Effective for all Best Effort commitments taken on or after June 21, 2021, PennyMac will make the following changes to the BE rate sheet:
06.17.21
On June 17, 2021, President Biden signed Senate Bill S.475 establishing June 19th as Juneteenth National Independence Day. The new law includes Jun...
06.15.21
Effective for all Best Effort commitments taken on or after June 17, 2021, PennyMac will make the following changes to the BE rate sheet:
06.14.21
Certain sellers were recently informed that Fannie Mae has revised their policy on direct Desktop Underwriter (DU) licenses. Starting soon, only ap...
06.07.21
PennyMac is excited to announce our new and improved turn times. Click here to view our updated turn times on page 3 of our Non-Delegated Quick Ref...
Effective with locks on or after June 7, 2021, PennyMac is pleased to announce the release of Fannie Mae’s RefiNow Option.
06.04.21
PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-16. The effective dates are provided below. Updates include but are not ...
06.01.21
Effective immediately, PennyMac is pleased to announce the acceptance of conforming conventional loans closed with eMortgages including those that ...
05.28.21
As a reminder, Fannie Mae, Freddie Mac, FHA, and VA have each announced the expiration date for the Temporary Appraisal Flexibilities put in place ...
05.21.21
The CFPB issued an announcement on April 27, 2021 delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/...
05.17.21
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
05.14.21
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 19, 2021, as follows
05.10.21
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 12, 2021, as follows:
