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12.09.19
Effective with loans delivered on or after December 16, 2019, PennyMac is requiring all loans to include a consent form meeting the requirements of...
12.04.19
PennyMac is aligning with Fannie Mae’s updates announced in SEL 2019-08. Updates include but are not limited to the following. Effective dates are ...
11.27.19
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, December 4...
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
11.25.19
Lenders that sell mortgage loans secured by units in a condo project are expected to have staff that are knowledgeable about and qualified to evalu...
11.22.19
PennyMac will be publishing a revised sample rate sheet in relation to Announcement 19-59: Updates to Conventional LLPAs and VA Full Doc Price Adju...
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options
11.21.19
Effective for all Best Effort commitments taken on or after November 27, 2019, PennyMac will make the following changes to the BE rate sheet
11.15.19
Effective for loans closed on or after January 1, 2020, PennyMac is aligning with updates in VA Circular 26-19-23, including but not limited to the...
Effective for all Bulk bid tapes submitted on or after Monday, December 15, 2019, PennyMac will be requiring the following field to be populated
10.25.19
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 30...
10.01.19
Per the Fiscal Year 2020 Commitment Notice released September 12, 2019, funding for the USDA Rural Housing Loan Program will be temporarily unavail...
09.26.19
FHA has recently updated their condo approval requirements. Updates include condo loan level certifications, HUD Review and Approval Process (HRAP)...
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options.
09.20.19
VA High LTV Refinances. As a reminder, VA full doc refinance transactions with LTVs greater than 90% must be delivered to PennyMac by September 30,...
