Announcements
Get announcements via email:
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...
11.25.19
19-62: Conforming Condo Project Warranty Documentation
Lenders that sell mortgage loans secured by units in a condo project are expected to have staff that are knowledgeable about and qualified to evalu...
11.22.19
19-61: Revised Sample Rate Sheet for Conventional and VA ...
PennyMac will be publishing a revised sample rate sheet in relation to Announcement 19-59: Updates to Conventional LLPAs and VA Full Doc Price Adju...
11.22.19
19-60: Hours of Operation for Thanksgiving Holiday 2019
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options
11.21.19
19-59: Updates to Conventional LLPAs and VA Full Doc Pric...
Effective for all Best Effort commitments taken on or after November 27, 2019, PennyMac will make the following changes to the BE rate sheet