Announcements - Page 10
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07.14.16
16-26: Trailing Document Invoice Policy Reminder
This announcement is intended to serve as a reminder of PennyMac’s trailing document policy as well as to share best practices for managing traili...
07.08.16
16-25: FNMA SEL 2016-04 and 2016-05: Various Updates
PennyMac is aligning with the updates announced by Fannie Mae in SEL 2016-04 and 2016-05, including but not limited to the following:
06.30.16
16-24: Employment Beginning After Close Allowed on Confor...
Effective immediately, PennyMac is pleased to announce that borrowers may begin employment after close on conforming DU transactions, in accordanc...
06.30.16
16-23: Hours of Operation for the 4th of July Holiday
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
06.15.16
16-22: Disaster Policy Implementation: Texas Severe Stor...
In accordance with PennyMac’s existing Disaster Policy, PennyMac will be requiring post-disaster inspections for the following counties:
06.09.16
16-21: Disaster Policy Implementation: Texas Severe Stor...
Effective immediately, PennyMac is requiring post disaster inspections for the following counties for properties located in flood zones:
05.25.16
16-20: Hours of Operation for Friday, May 27th 2016 and ...
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
05.24.16
16-19: Release of the USDA Rural Housing Streamlined-Ass...
Effective with loan commitments issued on or after June 2, 2016, PennyMac is aligning with USDA Rural Housing’s release of the Streamlined-Assist ...
05.20.16
16-18: Non-Delegated Delivery Program
PennyMac is pleased to announce non-delegated Eligibility Review will be available for conventional loans with Best Efforts locks, effective Monda...
05.16.16
16-17: TRID Announcements
Reminder that VA published circular 26-16-11 in April of this year and reminder that PennyMac requires the Seller Closing Disclosure to be provide...
04.27.16
16-16: Fannie Mae DU 10.0 Release Notes and SEL 2016-03
PennyMac is announcing updates from Fannie Mae’s DU 10.0 Release Notes and SEL 2016-3.
04.22.16
16-15: VA Circular 26-16-10 Unreimbursed Employee Busine...
Effective immediately, for all VA transactions, PennyMac will be aligning with VA’s policy clarification regarding unreimbursed business expenses ...
04.22.16
16-14: FHA ML 2016-08 Student Loans
Effective immediately for FHA transactions, PennyMac is aligning with FHA’s update regarding the calculation of student loan payments.
04.22.16
16-13: Disaster Policy Implementation due to Flooding in...
Due to the recent flooding in Texas, the Governor of Texas has declared a State of Emergency in nine counties. At this time, PennyMac is requirin...
04.04.16
16-12: Rural Housing Updates to the Technical Handbook
Effective with all conditional commitments issued by USDA on or after March 9, 2016, PennyMac has aligned with the updates to the Rural Housing Te...