Announcements - Page 5

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12.30.20

20-83: Updates to Government LLPAs

Effective for all Best Effort commitments taken on or after January 6, 2021, PennyMac will make the following changes to the BE rate sheet:

12.23.20

20-82: FHA and VA Loan Limit Increase for 2021

Per FHA ML 20-41, effective with case numbers assigned on or after January 1, 2021, PennyMac is aligning with FHA’s increase to the floor and ceili...

12.21.20

20-81: Use of the Redesigned Loan Application (URLA)

As announced in Fannie Mae lender letter 2020-10 and Freddie Mac Bulletin 2020-26, PennyMac will be accepting the redesigned URLA and associated AU...

12.17.20

20-80: Hours of Operation for December 2020 Holidays

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

12.14.20

20-79: Updates to Conventional LLPAs

Effective for all Best Effort commitments taken on or after December 16, 2020, PennyMac will make the following changes to the BE rate sheet:

11.24.20

20-78: Fannie Mae and Freddie Mac Conforming Loan Limit I...

The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...

11.24.20

20-77: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 27, 2020, as follows

11.23.20

20-76: Freddie Mac Bulletins 2020-43 and 44, Fannie Mae L...

PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...

11.19.20

20-75: Reminder of MERS Requirements Clarification

This announcement is to clarify announcement 20-65 which was missing one of the MERS ID numbers.

11.17.20

20-74: Hours of Operation for Thanksgiving Holiday 2020

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

11.09.20

20-73: Government Loan Seasoning and Disasters

Correspondents are reminded that Ginnie Mae seasoning requirements must be met on all government insured/guaranteed loans.

11.05.20

20-72: P3 System Maintenance

P3 system maintenance is scheduled to take place this weekend. The maintenance dates are as follows:

11.03.20

20-71: Hours of Operation for Veterans Day Holiday 2020

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

10.30.20

20-70: Updates to Government LLPAs

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, November 3rd, 2020, as follows

10.28.20

20-69: Adverse Market Refinance Fee Update

The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020.