Announcements - Page 6

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06.01.21

21-40: eMortgages and Remote Online Notarization

Effective immediately, PennyMac is pleased to announce the acceptance of conforming conventional loans closed with eMortgages including those that ...

05.28.21

21-39: Expiration of COVID-19 Temporary Appraisal Flexibi...

As a reminder, Fannie Mae, Freddie Mac, FHA, and VA have each announced the expiration date for the Temporary Appraisal Flexibilities put in place ...

05.21.21

21-38: Fannie Mae LL 2021-09 and Freddie Mac Bulletin 202...

The CFPB issued an announcement on April 27, 2021 delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/...

05.17.21

21-37: Hours of Operation for Memorial Day Holiday

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

05.14.21

21-36: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 19, 2021, as follows

05.10.21

21-35: Updates to Government LLPAs

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 12, 2021, as follows:

04.26.21

21-34: Non-Delegated Quick Reference Guide Update

PennyMac has updated our Non-Delegated Quick Reference Guide which contains important information to reference when working with PennyMac.

04.22.21

21-33: April 30, 2021 Deadline for New Legacy URLA Loan S...

Freddie Mac and Fannie Mae (the GSEs) have published a joint Uniform Loan Application Dataset/Uniform Residential Loan Application (ULAD/URLA) anno...

04.20.21

21-32: Freddie Mac Bulletin 2021-12

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-12, with the exception of the community land trust requirements. Updates...

04.19.21

21-31: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after April 21, 2021, PennyMac will make the following changes to the BE rate sheet:

04.16.21

21-30: Freddie Mac Bulletin 2021-9

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-9, with the exception of the POA updates due to existing overlays. Updat...

04.14.21

21-29: Fannie Mae HomeReady and Freddie Mac Home Possible...

Currently, PennyMac offers the Fannie Mae HomeReady and Freddie Mac Home Possible Programs with a 30 year loan term only.

04.12.21

21-28: UCD Requirements for a changed AUS (DU to LPA)

PennyMac reminds Correspondents that for transactions where the loan was initially submitted to Fannie Mae DU but is underwritten and delivered wit...

04.08.21

21-27: Non-Delegated Conventional Self-Employed Borrower ...

Currently, all Non-Delegated conventional loans qualifying with self-employed borrower income have LTV/CLTV limitations that differ from the standa...

04.07.21

21-26: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, April 12, 2021, as follows: