PennyMac

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PennyMac (by Ray-N-Pa [PA]) Jul 30, 2024 9:08 PM

PennyMac (by Ken [NY]) Jul 30, 2024 9:23 PM

PennyMac (by MikeA [TX]) Jul 30, 2024 11:30 PM

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PennyMac (by Ray-N-Pa [PA]) Posted on: Jul 30, 2024 9:08 PM
Message:

Our borough's former tax collector is selling her place. She went through a divorce in 2022 and is moving towards Cleveland to be closer to her family.

So I was doing some research on all the homes that were financed or refinanced in 2020-2021 time frame as I am looking for a nice sub to deal. Her place is financed at 3.625% through PennyMac. I have never heard of them before. How difficult will it be to do a sub to with them? I have been successful with IndyMac, Freddie Mac and Fannie Mae - but Penny is something new to me. Any dealings?

--24.101.xxx.xxx

PennyMac (by Ken [NY]) Posted on: Jul 30, 2024 9:23 PM
Message:

It is a sub2, no more difficult than any of the others,not like you are asking permission or cooperation.No dealings but it is some kind of govt agency --74.77.xx.xx

PennyMac (by MikeA [TX]) Posted on: Jul 30, 2024 11:30 PM
Message:

I'm going to bet the loan is not assumable. Blackrock, PNC Financial, and PennyMac are all owned/managed by the same hedge fund group. They are known to be shrewd businessmen so I'm betting they will adjust your rate to market when they find out. Get a copy of the loan docs and see what it says. --209.205.xxx.xx

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