Announcements

03.01.21

Effective for all Best Effort commitments taken on or after March 3, 2021, PennyMac will make the following changes to the Best Efforts rate sheet

02.18.21

PennyMac aligns with the guidance given in the Fannie Mae Lender Letters 2020-03 dated May 28, 2020 and November 13, 2020 and Freddie Mac Bulletins...

02.17.21

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, February 23, 2021, as follows:

02.11.21

Effective with loans delivered on or after 3/1/2021, PennyMac is aligning with the reduction to the maximum LTV for Home Possible Mortgages secured...

02.08.21

PennyMac is aligning with Fannie Mae SEL 2020-07 dated 12/16/2020, with the exception of the updates on single-width manufactured homes and communi...

02.05.21

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

02.05.21

Effective for all Best Effort commitments taken on or after February 10, 2021, PennyMac will make the following changes to the BE rate sheet

01.27.21

PennyMac is aligning with FHA INFO #21-04 which announces that effective January 19, 2021, its permitting individuals classified under the “Deferre...

01.27.21

Revision January 27, 2021: Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income with locks or submitted...

01.22.21

Effective for all Non-Delegated conventional loans qualifying with self-employed borrower income submitted for eligibility review on or after Janua...

01.12.21

As announced in Fannie Mae SEL-2020-07, IRS Form 4506-T is being phased out for use by third parties in early 2021.

01.07.21

Effective immediately and until further notice, PennyMac will align with all Fannie Mae, Freddie Mac, FHA, VA, and USDA announced extensions of exi...

01.05.21

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

12.30.20

Effective for all Best Effort commitments taken on or after January 6, 2021, PennyMac will make the following changes to the BE rate sheet:

12.23.20

Per FHA ML 20-41, effective with case numbers assigned on or after January 1, 2021, PennyMac is aligning with FHA’s increase to the floor and ceili...