Announcements

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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...

07.16.21

21-56: Elimination of the Adverse Market Refinance Fee

Effective immediately, PennyMac is removing the Adverse Market Refinance Fee for any new Bulk and Best Effort commitments.

07.13.21

21-55: Updates to Government LLPAs

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Thursday, July 15, 2021, as follows:

07.12.21

21-54: Flexible Pricing Options

A complex market requires nimble solutions. PennyMac Correspondent Group allows off rate sheet pricing to help meet the needs of your borrower and ...

07.09.21

21-53: Updates to the Email Subscription Options for P3 U...

Effective immediately, the following additional email notification features are available to P3 users. Initial set-up of the email notifications fo...

07.08.21

21-52: FHA ML 2021-13

Effective immediately, for all FHA full doc and credit qualifying streamlines, PennyMac is aligning with the requirements in FHA ML 2021-13 Student...

06.28.21

21-51: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, June 30, 2021, as follows:

06.25.21

21-50: Fannie Mae LL-2021-10 6.16.21 Updates – RefiNow Op...

PennyMac is aligning with Fannie Mae’s updates of Lender Letter 2021-10 dated 6/16/2021. Updates to the RefiNow Option include but are not limited ...

06.25.21

21-49: Updated Non-Delegated Tax Transcript Requirements

Effective immediately, PennyMac is updating the requirements for non-delegated loans as shown on the below table:

06.25.21

21-48: Hours of Operation for the 4th of July Holiday

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

06.18.21

21-47: Updates to Best Efforts Rate Sheet

Effective for all Best Effort commitments taken on or after June 21, 2021, PennyMac will make the following changes to the BE rate sheet:

06.17.21

21-46: Juneteenth

On June 17, 2021, President Biden signed Senate Bill S.475 establishing June 19th as Juneteenth National Independence Day. The new law includes Jun...