Announcements

11.24.20

The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...

11.24.20

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 27, 2020, as follows

11.23.20

PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...

11.19.20

This announcement is to clarify announcement 20-65 which was missing one of the MERS ID numbers.

11.17.20

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

11.09.20

Correspondents are reminded that Ginnie Mae seasoning requirements must be met on all government insured/guaranteed loans.

11.05.20

P3 system maintenance is scheduled to take place this weekend. The maintenance dates are as follows:

11.03.20

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

10.30.20

PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, November 3rd, 2020, as follows

10.28.20

The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020.

10.23.20

PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 28...

10.21.20

Effective immediately, the Fannie Mae HomeStyle Renovation program has been reinstated. As a reminder, lenders must be approved to participate in t...

10.21.20

PennyMac is pleased to introduce the Home Value Estimator tool, making it easier to obtain a current market value, as demonstrated by an Automated ...

10.19.20

Due to an increased number of loans with aged MERs transfer requests, we would like to remind Correspondent Sellers of our requirements as outlined...

10.09.20

PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, October ...