21-52: FHA ML 2021-13
Effective immediately, for all FHA full doc and credit qualifying streamlines, PennyMac is aligning with the requirements in FHA ML 2021-13 Student...
21-51: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, June 30, 2021, as follows:
21-50: Fannie Mae LL-2021-10 6.16.21 Updates – RefiNow Op...
PennyMac is aligning with Fannie Mae’s updates of Lender Letter 2021-10 dated 6/16/2021. Updates to the RefiNow Option include but are not limited ...
21-49: Updated Non-Delegated Tax Transcript Requirements
Effective immediately, PennyMac is updating the requirements for non-delegated loans as shown on the below table:
21-48: Hours of Operation for the 4th of July Holiday
Please note the hours of operation for Best Effort and Bulk Commitment Options:
21-47: Updates to Best Efforts Rate Sheet
Effective for all Best Effort commitments taken on or after June 21, 2021, PennyMac will make the following changes to the BE rate sheet:
On June 17, 2021, President Biden signed Senate Bill S.475 establishing June 19th as Juneteenth National Independence Day. The new law includes Jun...
21-45: Updates to Best Efforts Rate Sheet
Effective for all Best Effort commitments taken on or after June 17, 2021, PennyMac will make the following changes to the BE rate sheet:
21-44: Fannie Mae Desktop Underwriter Restriction
Certain sellers were recently informed that Fannie Mae has revised their policy on direct Desktop Underwriter (DU) licenses. Starting soon, only ap...
21-43: Improved Non-Delegated Turn Times
PennyMac is excited to announce our new and improved turn times. Click here to view our updated turn times on page 3 of our Non-Delegated Quick Ref...
21-42: Release of Fannie Mae RefiNow Option
Effective with locks on or after June 7, 2021, PennyMac is pleased to announce the release of Fannie Mae’s RefiNow Option.
21-41: Freddie Mac Bulletin 2021-16
PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-16. The effective dates are provided below. Updates include but are not ...
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 ...
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 ...
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/...