Announcements - Page 5

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11.17.21

21-96: Hours of Operation for Thanksgiving Holiday 2021

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

11.16.21

21-95: Updates to Conventional and Government LLPAs

PennyMac will update Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Friday, November 19, 2021, as fo...

11.16.21

21-94: Fannie Mae LL-2021-14 Temporary Requirements for C...

Effective with loan deliveries on or after 12/1/2021, PennyMac is aligning with Fannie Mae Lender Letter 2021-14, with the exception of the updates...

11.11.21

21-93: High Balance Loan Limits in High Cost Area Countie...

On October 8th, PennyMac announced increased high balance loan limits for select high cost area counties up to $937,500 for one unit properties.

11.04.21

21-92: Fannie Mae LL-2021-10 Expanding Refinance Eligibil...

PennyMac is aligning with the Fannie Mae updates announced in Lender Letter 2021-10 dated 10/20/21. Updates to the RefiNow option include but are n...

11.04.21

21-91: November Product Highlight | FNMA Student Loan Sol...

The Fannie Mae Student Loan Cash-out is a conventional refinance mortgage product designed to assist borrowers who carry student loan debt. It is u...

11.03.21

21-90: Updates to Conventional LLPAs

PennyMac will be improving pricing by over 3 points on the ‘Approve/Ineligible, <720, >625,000’ LLPA in the Conventional High Balance Mortgage Loan...

11.03.21

21-89: Hours of Operation for Veterans Day Holiday 2021

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

11.03.21

21-88: Updates to Conventional LLPAs

PennyMac will make the following updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 5, ...

10.29.21

21-87: Freddie Mac Bulletin 2021-29 Home Possible Maximum...

Effective with loans delivered on or after 11/15/2021, PennyMac is aligning with the increase to the maximum LTV/TLTV for Home Possible Mortgages s...

10.28.21

21-86: Update to Conventional and Government LLPAs

PennyMac will make the following updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Monda...

10.28.21

21-85: Freddie Mac Refi Possible – Release Date Update

In Bulletin 2021-17, Freddie Mac introduced the Refi Possible mortgage offering as a new “no-cash out” refinance option for low-income borrowers.

10.27.21

21-84: Batch Best Efforts Lock Capability

PennyMac Correspondent is pleased to introduce a new method of locking which will enhance the efficiency and lock experience for our Delegated Best...

10.25.21

21-83: Updates to Conventional LLPAs

PennyMac will be improving pricing by 50 basis points on the ‘Approve/Ineligible, >=720, >625,000’ LLPA in the Conventional High Balance Mortgage L...

10.18.21

21-82: Update to Conventional LLPAs

PennyMac will make the following updates to the Conventional High Balance LLPAs effective for all Best Effort commitments taken on or after Wednesd...