Announcements

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02.24.20

20-07: New Base Pricing Grids for Best Effort Rate Sheets

Effective Friday March 6th, 2020, PennyMac will be introducing new Base pricing grids for loan amounts between $200,000 and $225,000, loan amounts ...

02.07.20

20-06: Reminder Regarding Tax Transcripts

Effective with all loans closed on or after June 15, 2020, 2019 tax transcripts will be required, unless the file contains evidence an extension wa...

02.05.20

20-05: Hours of Operation for Presidents’ Day Holiday

Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options

02.04.20

20-04: Freddie Mac Income Requirements Extended

Freddie Mac recently extended the effective date for the variable income updates announced in Bulletin 2019-20. As a result of the extension, Penny...

01.23.20

20-03: Updates to Conventional and Government LLPAs

PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Friday, January 31,...

01.13.20

20-02: Freddie Mac Bulletin 2019-20, 2019-25 and Fannie M...

PennyMac is aligning with Freddie Mac’s updates announced in Bulletins 2019-20, 2019-25 and Fannie Mae’s SEL 2019-09, with the exception of all man...

01.13.20

20-01: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for Best Effort, Bulk, and Bulk-AOT Commitment Options

12.20.19

19-70: Updated Taxpayer First Act Consent Form

The IRS has released clarifications to the Taxpayer First Act, which can be found at https://www.irs.gov/newsroom/taxpayer-first-act-cybersecurity-...

12.17.19

19-69: FHA and VA Loan Limit Increase for 2020

Per FHA ML 2019-19, effective with case numbers assigned on or after January 1, 2020, PennyMac is aligning with FHA’s updates to the floor and ceil...

12.16.19

19-68: Hours of Operation for December 2019 Holidays

Please note the Holiday hours of operation for Best Effort, Bulk and Bulk-AOT commitment options:

12.11.19

19-67: Update to Loans with Appraisal Waiver

As a reminder, per announcement 19-40 dated July 11, 2019, PennyMac requires that customers identify all loans with an appraisal waiver on bulk bid...

12.09.19

19-66: Taxpayer First Act Consent Form

Effective with loans delivered on or after December 16, 2019, PennyMac is requiring all loans to include a consent form meeting the requirements of...

12.04.19

19-65: Fannie Mae SEL 2019-08

PennyMac is aligning with Fannie Mae’s updates announced in SEL 2019-08. Updates include but are not limited to the following. Effective dates are ...

11.27.19

19-64: Update to Conventional LLPAs

PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, December 4...

11.27.19

19-63: Fannie Mae and Freddie Mac Conforming Loan Limit I...

The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...