Announcements - Page 10
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18-20: VA Circulars 26-18-6 and 26-18-7: Loans for Altera...
VA recently announced updated guidance on Loans for Alteration and Repairs and Construction to Permanent Home Loans.
18-19: Freddie Mac Bulletin 2018-05: LTV/TLTV Increase an...
PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05.
18-18: Uniform Closing Dataset (UCD) Requirement Reminder
Effective with deliveries as of May 1, 2018, PennyMac will begin to require evidence of successful submission of Uniform Closing Dataset (UCD) dat...
18-17: Updates to Conventional and Jumbo LLPAs
PennyMac will be making various updates to the LLPAs for Conventional and Jumbo programs.
18-15: Hours of Operation for Good Friday Holiday 2018
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
18-16: Universal Loan Identifier (ULI) Can Now be Provide...
Effective immediately sellers may also begin providing individual ULI numbers in their bulk bid tapes.
18-14: FNMA SEL 18-02 Updates to the HomeStyle Program
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-02...
18-13: PCG Updates to Conv LLPAs and AOT 3rd Settlement M...
PennyMac will make changes to the Conventional LLPAs and will also introduce a 3rd settlement month to the AOT rate sheet.
18-12: Updates to PennyMac Jumbo Program
Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.
18-11: FNMA 2018-01: Various Topics
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-01. All updates are effective imme...
18-10: Clarification of GNMA APM 17-06
Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.
18-09: Reminder Regarding 2017 Tax Transcript
Effective with all loans closed on or after June 15, 2018, 2017 tax transcripts will be required per PennyMac’s Tax Transcript Policy...
18-08: Disaster Policy Implementation- Southern Californi...
FEMA has recently declared 4 counties in Southern California as eligible for disaster related Individual Assistance. PennyMac will require post-d...
18-07: Updates to SRP Grids and LLPAs
Effective for all Best Effort and AOT-DT commitments taken on or after January 29, 2018, PennyMac is releasing new SRP grid values and updates to...
18-06: FHLMC 2017-28: Updates Employment After the Note D...
Effective immediately, PennyMac is updating its requirements for Employment Commencing After the Note Date to more closely align with Freddie Mac’...