Announcements

06.14.21

Certain sellers were recently informed that Fannie Mae has revised their policy on direct Desktop Underwriter (DU) licenses. Starting soon, only ap...

06.07.21

PennyMac is excited to announce our new and improved turn times. Click here to view our updated turn times on page 3 of our Non-Delegated Quick Ref...

06.07.21

Effective with locks on or after June 7, 2021, PennyMac is pleased to announce the release of Fannie Mae’s RefiNow Option.

06.04.21

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-16. The effective dates are provided below. Updates include but are not ...

06.01.21

Effective immediately, PennyMac is pleased to announce the acceptance of conforming conventional loans closed with eMortgages including those that ...

05.28.21

As a reminder, Fannie Mae, Freddie Mac, FHA, and VA have each announced the expiration date for the Temporary Appraisal Flexibilities put in place ...

05.21.21

The CFPB issued an announcement on April 27, 2021 delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/...

05.17.21

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

05.14.21

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 19, 2021, as follows

05.10.21

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, May 12, 2021, as follows:

04.26.21

PennyMac has updated our Non-Delegated Quick Reference Guide which contains important information to reference when working with PennyMac.

04.22.21

Freddie Mac and Fannie Mae (the GSEs) have published a joint Uniform Loan Application Dataset/Uniform Residential Loan Application (ULAD/URLA) anno...

04.20.21

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-12, with the exception of the community land trust requirements. Updates...

04.19.21

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

04.16.21

PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2021-9, with the exception of the POA updates due to existing overlays. Updat...