Announcements - Page 19

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20-13: Bulk AOT Suspended

Given the current market condition and extreme market volatility, PennyMac will be suspending the Bulk AOT delivery method effective immediately.


20-12: PennyMac COVID-19 Response

PennyMac understands that current conditions are providing unique challenges to the loan origination process. As such, PennyMac is announcing the f...


20-11: LIBOR ARMs Suspended

Effective with locks on or after March 21, 2020, PennyMac is temporarily suspending the purchase of all LIBOR ARM loans including Conventional Stan...


20-10: Correspondent Pricing Email Contacts

Due to increased volume and resulting call traffic, we would like to encourage clients to use the following email address contacts to ensure effici...


20-09: Updates to Investment Property Special

Effective Wednesday March 18th, 2020, PennyMac will be updating the values for the Investment Property Special pay-up on the Best Efforts rate shee...


20-08: Fannie Mae SEL-2020-01, Lender Letter LL-2020-01 a...

PennyMac is aligning with Fannie Mae’s most recent Selling Guide updates in SEL-2020-01, Lender Letter 2020-01, and Freddie Mac’s Bulletin 2020-01,...


20-07: New Base Pricing Grids for Best Effort Rate Sheets

Effective Friday March 6th, 2020, PennyMac will be introducing new Base pricing grids for loan amounts between $200,000 and $225,000, loan amounts ...


20-06: Reminder Regarding Tax Transcripts

Effective with all loans closed on or after June 15, 2020, 2019 tax transcripts will be required, unless the file contains evidence an extension wa...


20-05: Hours of Operation for Presidents’ Day Holiday

Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options


20-04: Freddie Mac Income Requirements Extended

Freddie Mac recently extended the effective date for the variable income updates announced in Bulletin 2019-20. As a result of the extension, Penny...


20-03: Updates to Conventional and Government LLPAs

PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Friday, January 31,...


20-02: Freddie Mac Bulletin 2019-20, 2019-25 and Fannie M...

PennyMac is aligning with Freddie Mac’s updates announced in Bulletins 2019-20, 2019-25 and Fannie Mae’s SEL 2019-09, with the exception of all man...


20-01: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options


19-70: Updated Taxpayer First Act Consent Form

The IRS has released clarifications to the Taxpayer First Act, which can be found at


19-69: FHA and VA Loan Limit Increase for 2020

Per FHA ML 2019-19, effective with case numbers assigned on or after January 1, 2020, PennyMac is aligning with FHA’s updates to the floor and ceil...