Announcements

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04.19.19

19-26: Freddie Mac Bulletin 2019-7 Home Possible and Seco...

PennyMac is aligning with the updates in Freddie Mac Bulletin 2019-7, including but not limited to the following. Effective dates are included belo...

04.16.19

19-25: Clarifications to Ginnie Mae Seasoning Requirements

Ginnie Mae recently provided clarification regarding the applicability of seasoning requirements for VA loans.

04.10.19

19-24: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, April 19, 2019,...

04.08.19

19-23: Hours of Operation for Good Friday Holiday

Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options

04.04.19

19-22: Announcement: Non-US Citizens

Fannie Mae recently provided clarification stating borrowers are considered legally present in the US if the borrower has a Social Security Number ...

03.28.19

19-21: Freddie Mac Bulletin 2019-4 and 2019-5: Updates to...

Effective immediately, PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2019-4 and 2019-5. Updates include but are not limited...

03.14.19

19-20: FHA Third Party Verification & Reminder Regarding ...

Effective immediately, PennyMac will align with FHA’s ML 2019-01, and will accept third party verification services. Lenders must include any third...

03.14.19

19-19: Updates to Conventional LLPAs

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, March 22, 2019,...

03.11.19

19-18: Release of Freddie Mac’s HomeOne Option and Update...

PennyMac is pleased to announce the release of Freddie Mac’s HomeOne option. Highlights of the program include:

02.28.19

19-17: Updates to Conventional and Government Purchase Sp...

Effective March 6, 2019, PennyMac will expire the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT ra...

02.25.19

19-16: Release of VA Renovation Program

Effective immediately, PennyMac is pleased to announce the release of the VA Renovation program. Program requirements include:

02.21.19

19-15: Revision to Announcement 19-14: Updates to VA Cash...

Revision February 20, 2019: DU and LPA have been updated with the requirements to support VA’s update to cash-out transactions. As such, all loans ...

02.13.19

19-14: VA Circular 26-18-30 Updates to VA Cash-Out Transa...

VA has divided cash-out transactions into two separate categories, Type I and Type II.

02.11.19

19-13: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

02.01.19

19-12: Hours of Operation for Presidents’ Day Holiday

Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options: