Announcements - Page 3

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04.26.22

22-30: Update to Government LLPAs

PennyMac will update Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, April 27, 2022, as follows: Upd...

04.25.22

22-29: Minimum FICO Score Update on Government Loans

Currently, Pennymac requires a minimum 620 FICO Score on all government loan programs. Effective Friday, April 29, 2022, Pennymac is ...

04.14.22

22-28: TBD Locks

In today’s market Borrowers are looking for a way to lock in a rate while they continue their search for the perfect home. Pennymac Correspondent G...

04.13.22

22-27: Updates to Second Home LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Thursday, April 14, 2022, as follows:

04.07.22

22-26: April Product Highlight | Conforming Conventional ...

Manufactured homes are a type of factory-built housing with characteristics comparable to site-built homes, but at a fraction of the cost. Furtherm...

04.07.22

22-25: Hours of Operation for Good Friday Holiday

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

04.04.22

22-24: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, April 6, 2022 as follows:

03.25.22

22-23: Suspension of Tax Transcript Requirements

Due to IRS delays, effective immediately, Pennymac is temporarily suspending the existing Pennymac Tax Transcript requirements.

03.17.22

22-22: Updates to Conventional LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Tuesday, March 22, 2022, as follows:

03.07.22

22-21: Updates to Second Home LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, March 09, 2022, as follows:

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: