"Pennymac is committed to being a top-tier partner, providing the products and support necessary for its clients to succeed, Abbie Tidmore, chief revenue officer at Pennymac, said in a statement. This strategic move demonstrates our commitment to providing the tools and flexibility they need to continue to build greatness. By getting ahead of the curve, we are enabling our partners to offer additional options to grow their business in a dynamic market."
"UWM and Pennymac raised their limits months before the Federal Housing Finance Agency (FHFA) is expected to announce the official 2026 limits in November. The limits cap the size of mortgages that Fannie Mae and Freddie Mac can buy. Pennymac's new conforming loan limits took effect on Friday for broker locks on conforming loans through the government-sponsored enterprises (GSEs). Government loan limits were left unchanged."
Pennymac is committed to being a top-tier partner, providing products and support for clients to succeed. The move provides tools and flexibility to help partners grow. UWM and Pennymac raised conforming loan limits months before the Federal Housing Finance Agency's expected 2026 announcement, which caps mortgage sizes that Fannie Mae and Freddie Mac can buy. Pennymac's new conforming limits took effect for broker locks through the government-sponsored enterprises. Government loan limits remained unchanged. DU Approve/Eligible loans remain eligible for Value Acceptance and Value Acceptance + PDC. LPA Accept/Eligible loans remain eligible for ACE and ACE + PDR. AUS Approve/Ineligible or Accept/Ineligible loans are eligible for delivery but require a full appraisal.
Read at www.housingwire.com
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