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:
04.07.22
22-26: April Product Highlight | Conforming Conventional ...
Manufactured homes are a type of factory-built housing with characteristics comparable to site-built homes, but at a fraction of the cost. Furtherm...
04.07.22
22-25: Hours of Operation for Good Friday Holiday
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
04.04.22
22-24: Updates to Government LLPAs
Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, April 6, 2022 as follows:
03.25.22
22-23: Suspension of Tax Transcript Requirements
Due to IRS delays, effective immediately, Pennymac is temporarily suspending the existing Pennymac Tax Transcript requirements.
03.17.22
22-22: Updates to Conventional LLPAs
PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Tuesday, March 22, 2022, as follows:
03.07.22
22-21: Updates to Second Home LLPAs
PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, March 09, 2022, as follows: