06.27.22
22-41: Hours of Operation for 4th of July Holiday
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options:
06.13.22
22-40: Hours of Operation for Juneteenth Holiday
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options
06.06.22
22-39: Fannie Mae and Freddie Mac Cryptocurrency & Foreig...
Both Fannie Mae and Freddie Mac require that cryptocurrency (i.e. virtual currency) may only be used as funds for closing and reserves if it has be...
06.03.22
22-38: Updated Email Distribution Groups
In order to better serve our clients, we have consolidated our email distribution groups. The table below details the changes.
06.02.22
22-37: June Product Highlight | Batch BE (Best Efforts)
Batch Best Efforts – also referred to as Batch BE – is a unique and efficient locking method that Pennymac Correspondent Group is proud to offer ou...
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...
05.20.22
22-35: FHA LLPA Special
Effective Monday, May 23, 2022 Pennymac is adding a Government FHA LLPA Special for all Best Effort commitments as follows
05.16.22
22-34: Hours of Operation for Memorial Day Holiday
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
05.13.22
22-33: Updates to Second Home LLPAs
Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, May 16, 2022, as follows:
05.13.22
22-32: P3 Loan Officer and Loan Processor Feature
Effective Friday, May 13, 2022, Pennymac will update the Non-Delegated Best Effort loan creation and loan access processes in P3.
05.05.22
22-31: May Product Highlight | Temporary Interest Rate Bu...
A Temporary Interest Rate Buydown, also called a “temp buydown” for short, is a financing tool that allows well qualified borrowers – who are quali...
04.26.22
22-30: Update to Government LLPAs
PennyMac will update Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, April 27, 2022, as follows: Upd...
04.25.22
22-29: Minimum FICO Score Update on Government Loans
Currently, Pennymac requires a minimum 620 FICO Score on all government loan programs. Effective Friday, April 29, 2022, Pennymac is ...
04.14.22
22-28: TBD Locks
In today’s market Borrowers are looking for a way to lock in a rate while they continue their search for the perfect home. Pennymac Correspondent G...
04.13.22
22-27: Updates to Second Home LLPAs
PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Thursday, April 14, 2022, as follows: