Non-Delegated Announcements


22-49: FHA DTI Ratio Update

Currently, Pennymac has additional requirements when the DTI ratio exceeds 50% on FHA Full Documentation loans.


22-48: VA Circular 26-22-10

Effective immediately, Pennymac is aligning with VA Circular 26-22-10 which announces a Certificate of Eligibility (COE) enhancement to add the Uni...


22-47: AUS Jumbo Program Updates

Effective immediately, Pennymac is announcing updates to the Pennymac AUS Jumbo Program. The updates include but are not limited to the following:


22-39: Cryptocurrency & Foreign Asset Requirements

Fannie Mae and Freddie Mac Cryptocurrency & Foreign Asset Requirements when Used as Source of Funds for Closing and Reserves


22-36: VA Maximum LTV Update for Cash Out Refinances

Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...


22-01: Non-Delegated Jumbo Product Profile

Effective Monday, May 23, 2022 Pennymac has updated Non-Delegated Only Jumbo Product Profile


22-35: FHA LLPA Special

Effective Monday, May 23, 2022 Pennymac is adding a Government FHA LLPA Special for all Best Effort commitments.


22-34: Hours of Operation for Memorial Day Holiday

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


22-33: Updates to Second Home LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, May 16, 2022


22-32: P3 Loan Officer and Loan Processor Feature

Effective Friday, May 13, 2022, Pennymac will update the Non-Delegated Best Effort loan creation and loan access processes in P3.