Non-Delegated Announcements

09.30.22

22-59: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Tuesday, October 4, 2022 as follows:

09.27.22

22-58: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Thursday, September 29, 2022 as follows:

09.21.22

22-57: Increased VA Loan Limits Now Available

Pennymac TPO is excited to announce that we’re raising our non-delegated VA loan limits to $715,000, effective immediately. This is in addition to ...

09.21.22

22-56: NY, TX and FL Pricing Grids Added to Best Efforts ...

Pennymac will introduce improved new base pricing grids for New York, Texas and Florida effective for Best Effort Commitments taken on or after Mon...

09.15.22

22-55: Update to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort Commitments taken on or after Friday, September 16, 2022 as follows:

09.09.22

22-54: Increased Loan Limits Now Available

Pennymac TPO is excited to announce that we’re raising our non-delegated conventional loan limits to $715,000, effective Monday September 12, 2022.

09.02.22

22-53: Loan Document Delivery Update

In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...

08.29.22

22-52: Hours of Operation for Labor Day Holiday

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

08.23.22

22-51: Release of FHA and VA Manufactured Home Loan Program

Effective immediately, Pennymac is pleased to announce the release of the FHA Full Documentation, FHA Streamline, VA Full Documentation, and VA IRR...

08.22.22

22-50: Lock Extensions and Relocks

Pennymac TPO is pleased to announce a new, simplified fee structure for lock extensions and relocks for Non-Delegated Correspondent loans.

08.08.22

22-49: FHA DTI Ratio Update

Currently, Pennymac has additional requirements when the DTI ratio exceeds 50% on FHA Full Documentation loans.

08.01.22

22-48: VA Circular 26-22-10

Effective immediately, Pennymac is aligning with VA Circular 26-22-10 which announces a Certificate of Eligibility (COE) enhancement to add the Uni...

07.27.22

22-47: AUS Jumbo Program Updates

Effective immediately, Pennymac is announcing updates to the Pennymac AUS Jumbo Program. The updates include but are not limited to the following:

06.22.22

22-39: Cryptocurrency & Foreign Asset Requirements

Fannie Mae and Freddie Mac Cryptocurrency & Foreign Asset Requirements when Used as Source of Funds for Closing and Reserves

05.31.22

22-36: VA Maximum LTV Update for Cash Out Refinances

Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...