Delegated Announcements - Page 2
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23-25: Updates to Conventional LLPAs
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Wednesday, April 05, 2022 as follows:
23-24: Fannie Mae and Freddie Mac COVID-19 Related Updates
Effective immediately, Pennymac is aligning with the Fannie Mae updates announced in Lender Letter 2021-03 dated 2/15/23 and Freddie Mac Bulletin 2...
23-23: Hours of Operation for Good Friday Holiday
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options
23-22: Updates to Conventional LLPAs
The Federal Housing Finance Agency (FHFA) recently announced a new effective date of the DTI ratio-based fee to August 01, 2023.
23-21: Update to FHFA Debt to Income LLPA
On March 15, 2023, the Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the DTI ratio-based fee until August 1...
23-20: FHFA Debt to Income LLPA Delayed
The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of the DTI ratio-based fee until August 1, 2023.
23-19: Best Effort Rate Sheet Restructure
Pennymac will be restructuring its Best Efforts rate sheet effective Monday, March 20, 2023.
23-18: FHA ML 2023-01 Updated Instructions for Single Fam...
Effective immediately, Pennymac is aligning with the guidance in Mortgagee Letter 2023-01 and also reminds our Correspondents of the importance in ...
23-17: VA Circular 26-23-06 Funding Fee Charge Update
Pennymac is aligning with VA Circular 26-23-06, Funding Fee Charge Update which reduces the funding fee rates for non-exempt Veterans on VA loans c...
23-16: Conventional LLPA Waiver Update
Effective immediately for Bulk commitments, Pennymac is pleased to announce the alignment with Freddie Mac and Fannie Mae on their recent announcem...
23-15: HUD Mortgagee Letter 2023-05
Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...
23-13: Fannie Mae SEL 2023-01 Cash-Out Refinance Eligibility
Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.
23-12: Hours of Operation for President’s Day Holiday
Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options:
23-11: Revised Announcement #23-09 VA Circulars 26-23-03 ...
On January 25, 2023, Pennymac published Announcement #23-09 addressing VA Circulars 26-23-03 and 26- 23-04: Updates to VA Forms.