The PennyMac Mortgage Blog is where you'll find unbiased, useful info to help save you money, time and peace of mind during the mortgage process. If you have a mortgage or are about to get one, we think you'll find info here you can't always get elsewhere.
HomeReady® is a new mortgage program that brings flexibility and expanded eligibility to a wide range of borrowers. But how do you know if it’s right for you?
Fannie Mae and Freddie Mac are cornerstones of the mortgage market, yet many Americans are unfamiliar with their roles in the mortgage industry. Keep reading to better understand how they work for both US homeowners and the economy.
Conventional. Conforming. Non-conforming. Do you know the difference?
When you’re evaluating home loan categories, it’s easy to get confused by the terms "conventional" and "conforming." As similar as these two terms may sound, their definitions are worlds apart, so it’s important to understand the distinctions. We’re here to clear the air.