Announcements - Page 3

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07.09.21

21-53: Updates to the Email Subscription Options for P3 U...

Effective immediately, the following additional email notification features are available to P3 users. Initial set-up of the email notifications fo...

07.08.21

21-52: FHA ML 2021-13

Effective immediately, for all FHA full doc and credit qualifying streamlines, PennyMac is aligning with the requirements in FHA ML 2021-13 Student...

06.28.21

21-51: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, June 30, 2021, as follows:

06.25.21

21-50: Fannie Mae LL-2021-10 6.16.21 Updates – RefiNow Op...

PennyMac is aligning with Fannie Mae’s updates of Lender Letter 2021-10 dated 6/16/2021. Updates to the RefiNow Option include but are not limited ...

06.25.21

21-49: Updated Non-Delegated Tax Transcript Requirements

Effective immediately, PennyMac is updating the requirements for non-delegated loans as shown on the below table:

06.25.21

21-48: Hours of Operation for the 4th of July Holiday

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

06.18.21

21-47: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after June 21, 2021, PennyMac will make the following changes to the BE rate sheet:

06.17.21

21-46: Juneteenth

On June 17, 2021, President Biden signed Senate Bill S.475 establishing June 19th as Juneteenth National Independence Day. The new law includes Jun...

06.15.21

21-45: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after June 17, 2021, PennyMac will make the following changes to the BE rate sheet:

06.14.21

21-44: Fannie Mae Desktop Underwriter Restriction

Certain sellers were recently informed that Fannie Mae has revised their policy on direct Desktop Underwriter (DU) licenses. Starting soon, only ap...

06.07.21

21-43: Improved Non-Delegated Turn Times

PennyMac is excited to announce our new and improved turn times. Click here to view our updated turn times on page 3 of our Non-Delegated Quick Ref...

06.07.21

21-42: Release of Fannie Mae RefiNow Option

Effective with locks on or after June 7, 2021, PennyMac is pleased to announce the release of Fannie Mae’s RefiNow Option.

06.04.21

21-41: Freddie Mac Bulletin 2021-16

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-16. The effective dates are provided below. Updates include but are not ...

06.01.21

21-40: eMortgages and Remote Online Notarization

Effective immediately, PennyMac is pleased to announce the acceptance of conforming conventional loans closed with eMortgages including those that ...

05.28.21

21-39: Expiration of COVID-19 Temporary Appraisal Flexibi...

As a reminder, Fannie Mae, Freddie Mac, FHA, and VA have each announced the expiration date for the Temporary Appraisal Flexibilities put in place ...