Announcements

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09.17.21

21-71: DU Release Notes Version 11.0 September Update – C...

PennyMac is working toward aligning with the Fannie Mae Credit Score change at a future date. An announcement will be issued once an implementation...

09.14.21

21-70: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after September 15, 2021, PennyMac will make the following changes to the BE rate sheet:

09.09.21

21-69: Update to Conventional LLPAs

PennyMac will make the following updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, September 13...

09.07.21

21-68: September Product Highlight | FNMA HomeStyle and F...

The Fannie Mae HomeStyle, FHA 203(k) Standard, and 203(k) Limited are a few of the most popular renovation loan products available through PennyMac...

09.03.21

21-67: Pricing Vendor Fee

PennyMac routinely pays fees to pricing vendors on behalf of our clients. Beginning October 1st , PennyMac will charge a monthly Pricing Vendor Fee...

08.31.21

21-66: Fannie Mae SEL-2021-07 and Freddie Mac Bulletin 20...

For all conforming loans, PennyMac is aligning with all the Fannie Mae updates announced in SEL 2021-07 and Freddie Mac Bulletin 2021-27. The updat...

08.30.21

21-65: Hours of Operation for Labor Day Holiday

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

08.30.21

21-64: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, September 1, 2021, as f...

08.16.21

21-63: Fannie Mae LL 2021-03 (8.11.21) and Freddie Mac Bu...

Effective immediately, PennyMac is aligning with Fannie Mae Lender Letter 2021-03 (8.11.2021) and Freddie Mac Bulletin 2021-28.

08.16.21

21-62: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after August 18, 2021, PennyMac will make the following changes to the BE rate sheet:

08.04.21

21-61: August Product Highlight | FNMA RefiNow and FHLMC ...

RefiNow and Refi Possible are newly introduced rate and term refinance programs from Fannie Mae and Freddie Mac that are available for low- to mode...

07.29.21

21-60: Updates to Conventional LLPAs

Effective for all Best Effort commitments taken on or after July 30, 2021, PennyMac will make the following changes to the BE rate sheet:

07.26.21

21-59: Fannie Mae SEL 2021-06 and Freddie Mac Bulletin 20...

PennyMac is aligning with all the Fannie Mae updates announced in SEL 2021-06 and Freddie Mac Bulletin 2021-25. The updates include but are not lim...

07.23.21

21-58: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after July 27, 2021, PennyMac will make the following changes to the BE rate sheet:

07.19.21

21-57: Adverse Market Refinance Fee

On Friday, July 16th PennyMac announced that it had removed the Adverse Market Refinance Fee from Bulk bids and Best Efforts rate sheets as a resul...