Announcements - Page 5

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03.25.21

21-23: Hours of Operation for Good Friday Holiday

Please note the hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:

03.24.21

21-22: Reinstatement and Reminder Regarding Tax Transcripts

PennyMac is reinstating the requirement for tax transcripts effective with loan applications on or after June 17, 2021. When required, 2020 tax tra...

03.19.21

21-21: Introducing Weekend Lock Availability

PennyMac will begin accepting locks over the weekend starting Saturday, March 20, 2021.

03.18.21

21-20: Revised Announcement #21-12 Conventional Self-Empl...

PennyMac is aligning with the updated Fannie Mae and Freddie Mac COVID FAQ’s on profit and loss statement requirements when the complete 2020 Feder...

03.12.21

21-19: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional Investment Property and Second Home LLPAs effective for all Best Effort commitments taken on or afte...

03.10.21

21-18: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional Investment Property and Second Home LLPAs effective for all Best Effort commitments taken on or afte...

03.09.21

21-17: Non-Delegated: Floating Refinance

Effective with all refinance loan submissions on or after March 09, 2021, all Non-Delegated clients will not be required to first lock a loan prior...

03.05.21

21-16: Encompass Investor Connect

PennyMac Correspondent Group, delegated and non-delegated, is pleased to announce that effective immediately, you can now deliver loans to PennyMac...

03.04.21

21-15: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional Investment Property and Second Home LLPAs effective for all Best Effort commitments taken on or afte...

03.01.21

21-13: Updates to Best Efforts LLPAs

Effective for all Best Effort commitments taken on or after March 3, 2021, PennyMac will make the following changes to the Best Efforts rate sheet

02.18.21

21-12: Conventional Self-Employed Income Documentation Re...

PennyMac aligns with the guidance given in the Fannie Mae Lender Letters 2020-03 dated May 28, 2020 and November 13, 2020 and Freddie Mac Bulletins...

02.17.21

21-11: Updates to Government LLPAs

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, February 23, 2021, as follows:

02.11.21

21-10: Freddie Mac Bulletin 2020-45 LTV for Home Possible...

Effective with loans delivered on or after 3/1/2021, PennyMac is aligning with the reduction to the maximum LTV for Home Possible Mortgages secured...

02.08.21

21-09: Fannie Mae SEL 2020-07

PennyMac is aligning with Fannie Mae SEL 2020-07 dated 12/16/2020, with the exception of the updates on single-width manufactured homes and communi...

02.05.21

21-08: Hours of Operation for Presidents’ Day Holiday

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