“Pennymac strives to become a top partner and to offer the products and support that his customers need to succeed,” said Abbie Tidmore, Chief Revenue Officer at Pennymac, in a statement.
“This strategic step shows our dedication to offer the tools and flexibility they need to continue to build up quantity. By leading the curve, we enable our partners to offer extra options to grow their business in a dynamic market.”
UWM and Pennymac raised their limits for months before the Federal Housing Financing Office (FHFA) is expected to announce the official limits of 2026 in November. The limits dose the size of mortgages that Fannie Mae And Freddie Mac can buy.
The new conforming limits from Pennymac came in force on Friday for broker locks on conforming loans through the companies sponsored by the government (GSEs). The limits of the government loans were left unchanged.
Loans with DU approval/eligible status will remain eligible for value acceptance and value acceptance + PDC. Loans with an LPA accept/qualify will remain eligible for ACE and ACE + PDR.
Approve loans with AUS/not eligible or accept/non -intent statuses are eligible for delivery, but require a full assessment, according to the company’s press release.
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