Announcements - Page 4

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02.14.22

22-15: Agency Second Home and High Balance LLPA Changes

Effective Friday, February 18, 2022, Pennymac is removing the lock term specific Conventional Second Home and High Balance LLPAs for Best Effort Co...

02.14.22

22-14: Hours of Operation for President’s Day Holiday

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

02.10.22

22-13: Release of Conventional SOFR ARM Program

Effective with locks on or after 2/11/2022, Pennymac is pleased to announce the release of the conventional SOFR ARM loan program.

02.04.22

22-12: Updates to Best Effort Rate Sheet

Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, February 11, 2022, as follows:

02.04.22

22-11: COVID Self-Employed Updates: FNMA LL 2021-03, FHLM...

Effective immediately, Pennymac is aligning with Fannie Mae and Freddie Mac’s updates and is retiring the temporary COVID-19 self-employed income r...

02.03.22

22-10: Agency Second Home and High Balance LLPA Changes

Effective Monday, February 7, 2022, Pennymac is updating our Conventional LLPAs for Best Effort commitments 30 days and longer, as follows:

02.03.22

22-09: February Product Highlight | Delayed Financing

What is Delayed Financing? Delayed financing is a unique financing option that allows homebuyers to obtain a mortgage loan after purchasing a prope...

01.19.22

22-08: Agency Second Home and High Balance LLPA Changes

Effective Monday January 24th, 2022, Pennymac is updating our Conventional LLPAs for Best Effort commitments 45 days and longer, as follows:

01.17.22

22-07: Freddie Mac Bulletin 2021-38

Effective with loan deliveries on or after 1/31/2022, Pennymac is aligning with Freddie Mac Bulletin 2021-38, with the exception of the updates for...

01.14.22

22-06: P3 Customer Survey

Effective January 12, 2022, Pennymac has distributed an email invitation to participate in a P3 Customer Survey. The email is from the 'Pennymac Co...

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: