Announcements - Page 2

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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:

04.07.22

22-26: April Product Highlight | Conforming Conventional ...

Manufactured homes are a type of factory-built housing with characteristics comparable to site-built homes, but at a fraction of the cost. Furtherm...

04.07.22

22-25: Hours of Operation for Good Friday Holiday

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

04.04.22

22-24: Updates to Government LLPAs

Pennymac will update Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, April 6, 2022 as follows:

03.25.22

22-23: Suspension of Tax Transcript Requirements

Due to IRS delays, effective immediately, Pennymac is temporarily suspending the existing Pennymac Tax Transcript requirements.

03.17.22

22-22: Updates to Conventional LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Tuesday, March 22, 2022, as follows:

03.07.22

22-21: Updates to Second Home LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Wednesday, March 09, 2022, as follows:

03.03.22

22-20: March Product Highlight | Conforming SOFR ARMs

Pennymac Correspondent released Conforming SOFR-indexed ARMs for both our Delegated and Non-Delegated clients on February 11. We are excited to exp...

03.02.22

22-19: Updates to Conventional LLPAs

PennyMac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Friday, March 04, 2022, as follows:

02.28.22

22-18: Updates to Conventional ARM SRPs and Government LLPAs

Pennymac will update Conventional ARM SRPs and Government LLPAs effective for all Best Effort Commitments taken on or after Wednesday, March 2, 202...

02.28.22

22-17: Fannie Mae SEL 2022-01 and Freddie Mac Bulletin 20...

For all conventional loans approved through DU or LPA, Pennymac is aligning with Fannie Mae SEL 2022-01 and Freddie Mac Bulletin 2022-2 on the use ...

02.18.22

22-16: Second Home LLPA Special

Effective Tuesday, February 22, 2022, Pennymac is adding a Conventional Second Home Special LLPA for all Best Effort Commitments as follows:

02.14.22

22-15: Agency Second Home and High Balance LLPA Changes

Effective Friday, February 18, 2022, Pennymac is removing the lock term specific Conventional Second Home and High Balance LLPAs for Best Effort Co...

02.14.22

22-14: Hours of Operation for President’s Day Holiday

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

02.10.22

22-13: Release of Conventional SOFR ARM Program

Effective with locks on or after 2/11/2022, Pennymac is pleased to announce the release of the conventional SOFR ARM loan program.