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11.03.20
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
10.30.20
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, November 3rd, 2020, as follows
10.28.20
The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020.
10.23.20
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 28...
10.21.20
Effective immediately, the Fannie Mae HomeStyle Renovation program has been reinstated. As a reminder, lenders must be approved to participate in t...
PennyMac is pleased to introduce the Home Value Estimator tool, making it easier to obtain a current market value, as demonstrated by an Automated ...
10.19.20
Due to an increased number of loans with aged MERs transfer requests, we would like to remind Correspondent Sellers of our requirements as outlined...
10.09.20
PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, October ...
10.07.20
PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...
10.05.20
09.28.20
Effective immediately, PennyMac is aligning with FHA Mortgagee Letter 2020-30 and the guidance given in USDA’s most recent FAQ publication on Septe...
09.23.20
The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020. ...
09.17.20
PennyMac is aligning with the updates in Fannie Mae SEL 2020-05, Freddie Mac’s Bulletin 2020-36, except as indicated below.
09.15.20
Per the Fiscal Year 2021 Commitment Notice released September 14, 2020, funding for the USDA Rural Housing Loan Program will be temporarily unavail...
