Non-Delegated Announcements - Page 2

Delegated Non-delegated

03.16.23

23-18: Update to FHFA Debt to Income LLPA

On March 15, 2023, the Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the DTI ratio-based fee until August 1...

03.15.23

23-17: FHFA Debt to Income LLPA Delayed

The Federal Housing Finance Agency (FHFA) today announced a delay to the implementation date of the DTI ratio-based fee until August 1, 2023.

03.08.23

23-16: Best Effort Rate Sheet Restructure

Pennymac will be restructuring its Best Efforts rate sheet effective Monday, March 20, 2023.

02.28.23

23-15: FHA ML 2023-01 Updated Instructions for Single Fam...

Effective immediately, Pennymac is aligning with the guidance in Mortgagee Letter 2023-01 and also reminds our Correspondents of the importance in ...

02.27.23

23-14: VA Circular 26-23-06 Funding Fee Charge Update

Pennymac is aligning with VA Circular 26-23-06, Funding Fee Charge Update which reduces the funding fee rates for non-exempt Veterans on VA loans c...

02.27.23

23-13: HUD Mortgagee Letter 2023-05

Effective immediately, Pennymac is aligning with the Housing of Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reductio...

02.14.23

23-12: Updates to 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 ...

02.14.23

23-11: Fannie Mae SEL 2023-01 Cash-Out Refinance Eligibility

Pennymac is aligning with the new eligibility policy for cash-out refinance transactions as announced in Fannie Mae SEL 2023-01.

02.13.23

23-10: Hours of Operation for President’s Day Holiday

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

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...