Non-Delegated Announcements

02.01.23

23-09: Revised Announcement #23-07 VA Circulars 26-23-03 ...

On January 25, 2023, Pennymac published Announcement #23-07 addressing VA Circulars 26-23-03 and 26- 23-04: Updates to VA Forms.

01.27.23

23-08: Fannie Mae and Freddie Mac LLPA Changes

Fannie Mae and Freddie Mac recently announced updated loan-level price adjustments (LLPAs) to be assessed on whole loans purchased by the agencies ...

01.25.23

23-07: VA Circulars 26-23-03 & 26-23-04: Updates to VA Forms

Pennymac is aligning with the updates to the VA forms announced in VA Circulars 26-23-03 and 26-23-04.

01.24.23

23-06: Revised Announcement #23-02: New Version of 4506-C...

On January 11, 2023, Pennymac published, Reminder: New Version of 4506-C Form. We’ve received feedback from clients indicating that many document p...

01.24.23

23-05: Updates to Conventional LLPAs

Pennymac will update the footnote for the ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, January 2...

01.20.23

23-04: FHA ML 2022-18 Acceptance of Private Flood Insurance

Effective immediately, Pennymac is aligning with the published FHA Federal Register final rule, Acceptance of Private Flood Insurance for FHA-Insur...

01.19.23

23-03: New Seasoning Requirement for Freddie Mac Cash-Out...

Pennymac is aligning with the new seasoning requirements for a cash-out refinance when the proceeds are being used to pay off a first lien mortgage...

01.11.23

23-02: Reminder: New Version of 4506-C Form

Pennymac is aligning with and requiring the use of the recently published NEW IRS Form 4506-C, revised 10/2022 with loans delivered on or after 2/1...

01.10.23

23-01: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for the Best Effort Commitment Option:

12.27.22

22-81: Updates to Conventional LLPAs

Pennymac will introduce a new ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Wednesday, December 28, 2022 as ...

12.23.22

22-80: ULAD and UCD Requirements for VA Full File Loan Re...

VA Circular 26-22-16, Full File Loan Review Stacking Order Update announced the addition of new documentation requirements for loans that are selec...

12.19.22

22-79: Conventional Credit Fee Cap

Effective for new Best Effort locks taken on or after Wednesday, December 21, 2022, Pennymac is pleased to announce the alignment with Freddie Mac ...

12.15.22

22-78: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Monday, December 19, 2022 as follows:

12.15.22

22-77: Hours of Operation for December 2022 Holidays

Please note the hours of operation for the Best Efforts Commitment Option:

12.13.22

22-76: FHA and VA Loan Limit Increase for 2023

Per FHA Mortgagee Letter 2022-20, effective with case numbers assigned on or after January 1, 2023, Pennymac is aligning with FHA’s increase to the...