Announcements - Page 3

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10.07.22

22-64: Enhancements to Temporary Interest Rate Buydown Re...

Effective immediately, Pennymac is pleased to announce expanded eligibility requirements and loan program availability for temporary interest rate ...

10.03.22

22-63: Increased Loan Limits Update

Pennymac Correspondent is revising our conventional loan limits to $700,000, effective Tuesday October 4, 2022.

10.03.22

22-62: Manual Underwriting Now Available on FHA loans

Currently, FHA full documentation loans must be submitted and approved through FHA TOTAL Scorecard. Effective immediately, Pennymac is excited to a...

10.03.22

22-61: Hours of Operation for Columbus Day Holiday 2022

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

09.30.22

22-60: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Tuesday, October 4, 2022 as follows:

09.26.22

22-59: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 29, 2022 as follows:

09.26.22

22-58: Funding for USDA Rural Housing 2023 Fiscal Year

Per the Fiscal Year 2023 Commitment Notice released September 7, 2022, funding for the USDA Rural Housing Loan Program will be temporarily unavaila...

09.26.22

22-57: USDA Rural Housing Announces Updated Forms

USDA Rural Housing’s August 30th announcement introduced the following updated USDA forms:

09.21.22

22-56: Increased VA Loan Limits Now Available

Pennymac Correspondent is excited to announce that we’re raising our VA loan limits to $715,000, effective immediately. This is in addition to our ...

09.21.22

22-55: NY, TX and FL Pricing Grids Added to Best Efforts ...

Pennymac will introduce improved new base pricing grids for New York, Texas and Florida effective for Best Effort Commitments taken on or after Mon...

09.15.22

22-54: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Friday, September 16, 2022 as follows:

09.09.22

22-53: Increased Loan Limits Now Available

Pennymac Correspondent is excited to announce that we’re raising our conventional loan limits to $715,000, effective Monday September 12, 2022.

09.02.22

22-52: Loan Document Delivery Update

In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...

08.29.22

22-51: Hours of Operation for Labor Day Holiday

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

08.26.22

22-50: Relock Commitment Fees

Effective on new locks, 15-day and 30-day Relock Commitment fees have been lowered.