Announcements - Page 3

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01.13.22

22-05: January Product Highlight | Affordable Housing

Affordable housing has been an important subject in recent times for borrowers and lenders alike. Pennymac is proud to offer a wide range of mortga...

01.11.22

22-04: Fannie Mae Single Close Construction Program Deadl...

Pennymac aligned with Fannie Mae Lender Letter 2021-11, Loan Eligibility under the Preferred Stock Purchase Agreement and Revised General Qualified...

01.11.22

22-03: Hours of Operation for Martin Luther King Jr. Day ...

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

01.10.22

22-02: Agency Second Home and High Balance LLPA Changes

Fannie Mae and Freddie Mac recently announced updates to Loan Level Price Adjusters (LLPA) that will apply to high balance and second home loans.

01.03.22

22-01: Best Effort Rate Sheet Restructure

PennyMac will restructure its Best Effort rate sheet effective Monday, January 10, 2022. The following changes will be made:

12.30.21

21-107: Fannie Mae SEL 2021-09 and SEL 2021-11

PennyMac is aligning with all the Fannie Mae updates in SEL 2021-09 and SEL 2021-11. The updates include but are not limited to the following, and ...

12.28.21

21-106: Updates to Best Efforts Rate Sheet

PennyMac will update SRP tables effective for all Best Effort commitments taken on or after Thursday, December 30, 2021, as follows

12.23.21

21-105: Net Tangible Benefit Updates on FHA Streamline Re...

Effective with case numbers assigned on or after 1/24/2022, PennyMac will be aligning with the updated FHA Streamline Refinance Net Tangible Benefi...

12.22.21

21-104: Updates to Government LLPAs

PennyMac will update Government LLPAs effective for all Best Effort commitments taken on or after Thursday, December 23, 2021, as follows:

12.16.21

21-103: Hours of Operation for December 2021 Holidays

Please note the hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:

12.15.21

21-102: FHA and VA Loan Limit Increase for 2022

Per FHA Mortgagee Letter 2021-28, effective with case numbers assigned on or after January 1, 2022, PennyMac is aligning with FHA’s increase to the...

12.13.21

21-101: General Loan Delivery: Update to Trailing Documents

Effective immediately, electronic copies of trailing documents can be delivered to PennyMac via the PennyMac Correspondent Portal (www.gopennymac.c...

12.06.21

21-100: Updates to Conventional and Government LLPAs

PennyMac will update Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, December 8, 2021, as ...

12.02.21

21-99: December Product Highlight | 2021 Recap and Happy ...

As we wrap up another successful year, don’t forget to check out the following resources and announcements published by PennyMac this year:

11.30.21

21-98: Conventional Loan Limit Increase for 2022

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...