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20-78: Fannie Mae and Freddie Mac Conforming Loan Limit I...
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...
20-77: Updates to Conventional LLPAs
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, November 27, 2020, as follows
20-76: Freddie Mac Bulletins 2020-43 and 44, Fannie Mae L...
PennyMac is aligning with Fannie Mae and Freddie Mac’s extension of COVID-19 related flexibilities for conventional transactions including buying l...
20-75: Reminder of MERS Requirements Clarification
This announcement is to clarify announcement 20-65 which was missing one of the MERS ID numbers.
20-74: Hours of Operation for Thanksgiving Holiday 2020
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options
20-73: Government Loan Seasoning and Disasters
Correspondents are reminded that Ginnie Mae seasoning requirements must be met on all government insured/guaranteed loans.
20-72: P3 System Maintenance
P3 system maintenance is scheduled to take place this weekend. The maintenance dates are as follows:
20-71: Hours of Operation for Veterans Day Holiday 2020
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options:
20-70: Updates to Government LLPAs
PennyMac will make updates to the Government LLPAs effective for all Best Effort commitments taken on or after Tuesday, November 3rd, 2020, as follows
20-69: Adverse Market Refinance Fee Update
The Federal Housing Finance Agency (FHFA) announced a delay to the implementation date of the Adverse Market Refinance Fee until December 1, 2020.
20-68: Update to Conventional LLPAs
PennyMac will make the following update to the Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, October 28...
20-67: Fannie Mae HomeStyle Renovation Program Availability
Effective immediately, the Fannie Mae HomeStyle Renovation program has been reinstated. As a reminder, lenders must be approved to participate in t...
20-66: Introducing the Home Value Estimator Tool
PennyMac is pleased to introduce the Home Value Estimator tool, making it easier to obtain a current market value, as demonstrated by an Automated ...
20-65: Reminder of MERs Requirements
Due to an increased number of loans with aged MERs transfer requests, we would like to remind Correspondent Sellers of our requirements as outlined...
20-64: Updates to Conventional and Government LLPAs
PennyMac will make updates to the Conventional and Government LLPAs effective for all Best Effort commitments taken on or after Wednesday, October ...