Announcements

Get announcements via email:

06.27.22

22-41: Hours of Operation for 4th of July Holiday

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

06.13.22

22-40: Hours of Operation for Juneteenth Holiday

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

06.06.22

22-39: Fannie Mae and Freddie Mac Cryptocurrency & Foreig...

Both Fannie Mae and Freddie Mac require that cryptocurrency (i.e. virtual currency) may only be used as funds for closing and reserves if it has be...

06.03.22

22-38: Updated Email Distribution Groups

In order to better serve our clients, we have consolidated our email distribution groups. The table below details the changes.

06.02.22

22-37: June Product Highlight | Batch BE (Best Efforts)

Batch Best Efforts – also referred to as Batch BE – is a unique and efficient locking method that Pennymac Correspondent Group is proud to offer ou...

05.31.22

22-36: VA Maximum LTV Update for Cash Out Refinances

Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...

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: