17-20: Revised Sample Rate Sheets for HomeReady and Home Possible Programs

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May 11, 2017

PennyMac has made revisions to the sample rates sheets in relation to the previous announcement 17-19 pertaining to Fannie Mae’s HomeReady and Freddie Mac’s Home Possible programs. Changes include:

 

1)      BE Rate Sheet: On the tabs Home Possible and Home Possible Advantage, labels now show “FHLMC” where previously showed “FNMA”.

 

 2)      BE and AOT-DT Rate Sheet: On the tab “Conv LLPAs”, the Home Possible/HomeReady LLPA Cap values now show as negative.

 

 

 

 

A sample of the updated rate sheet will be posted to the PennyMac Portal after 6:00 PM (PT) on Friday, May 12th, 2017.  Sample rate sheets will be available for download shortly after the email notification is sent from ‘PennyMac Correspondent Pricing’ <donotreply@pnmac.com>.

 

Note:  Sample rate sheets are intended for communication only.  Rate sheets posted the following business morning will be effective for new commitments.

 

Please contact your Sales Representative with any questions.