Announcements - Page 2

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03.03.22

22-20: March Product Highlight | Conforming SOFR ARMs

Pennymac Correspondent released Conforming SOFR-indexed ARMs for both our Delegated and Non-Delegated clients on February 11. We are excited to exp...

03.02.22

22-19: Updates to Conventional LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, March 04, 2022, as follows:

02.28.22

22-18: Updates to Conventional ARM SRPs and Government LLPAs

Pennymac will update Conventional ARM SRPs and Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, March 2, 202...

02.28.22

22-17: Fannie Mae SEL 2022-01 and Freddie Mac Bulletin 20...

For all conventional loans approved through DU or LPA, Pennymac is aligning with Fannie Mae SEL 2022-01 and Freddie Mac Bulletin 2022-2 on the use ...

02.18.22

22-16: Second Home LLPA Special

Effective Tuesday, February 22, 2022, Pennymac is adding a Conventional Second Home Special LLPA for all Best Effort Commitments as follows:

02.14.22

22-15: Agency Second Home and High Balance LLPA Changes

Effective Friday, February 18, 2022, Pennymac is removing the lock term specific Conventional Second Home and High Balance LLPAs for Best Effort Co...

02.14.22

22-14: Hours of Operation for President’s Day Holiday

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

02.10.22

22-13: Release of Conventional SOFR ARM Program

Effective with locks on or after 2/11/2022, Pennymac is pleased to announce the release of the conventional SOFR ARM loan program.

02.04.22

22-12: Updates to Best Effort Rate Sheet

Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, February 11, 2022, as follows:

02.04.22

22-11: COVID Self-Employed Updates: FNMA LL 2021-03, FHLM...

Effective immediately, Pennymac is aligning with Fannie Mae and Freddie Mac’s updates and is retiring the temporary COVID-19 self-employed income r...

02.03.22

22-10: Agency Second Home and High Balance LLPA Changes

Effective Monday, February 7, 2022, Pennymac is updating our Conventional LLPAs for Best Effort commitments 30 days and longer, as follows:

02.03.22

22-09: February Product Highlight | Delayed Financing

What is Delayed Financing? Delayed financing is a unique financing option that allows homebuyers to obtain a mortgage loan after purchasing a prope...

01.19.22

22-08: Agency Second Home and High Balance LLPA Changes

Effective Monday January 24th, 2022, Pennymac is updating our Conventional LLPAs for Best Effort commitments 45 days and longer, as follows:

01.17.22

22-07: Freddie Mac Bulletin 2021-38

Effective with loan deliveries on or after 1/31/2022, Pennymac is aligning with Freddie Mac Bulletin 2021-38, with the exception of the updates for...

01.14.22

22-06: P3 Customer Survey

Effective January 12, 2022, Pennymac has distributed an email invitation to participate in a P3 Customer Survey. The email is from the 'Pennymac Co...