Announcements - Page 10

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12.06.17

17-58: Hours of Operation for December 2017 Holidays

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

11.29.17

17-57: 2018 Conventional Loan Limit Increase

Effective immediately, PennyMac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie M...

11.21.17

17-56: Update to FHA DTI Overlay

PennyMac's DTI requirements for FHA loans have changed, effective immediately.

11.16.17

17-55: New Home Mortgage Disclosure Act (HMDA) Rules

The following are items requiring implementation under the Home Mortgage Disclosure Act - Regulation C rule changes published by the Consumer Fina...

11.14.17

17-54: Multiple Updates to the Rate Sheet

Effective for all commitments taken on or after Friday, December 1, 2017, PennyMac will be implementing multiple changes to the rate sheet. 

11.13.17

17-53: DU Release Notes Frozen Credit

Effective with DU runs on or after the weekend of November 18, PennyMac is aligning with Fannie Mae’s update to DU and will allow no more than one...

11.13.17

17-52: Freddie Mac 2017-12: Rental Income

PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-12 regarding rental income and self-employed income changes.

11.13.17

17-51: Update to Tax Transcript Requirements

Effective immediately for all Delegated Fannie Mae, Freddie Mac, FHA, and VA programs, PennyMac is no longer requiring tax transcripts for borrowe...

11.13.17

17-50: Update to Disaster Policy Implementation: Californ...

FHA requires a post-disaster inspection be completed for all loans secured by properties located in a Presidentially Declared Major Disaster Area ...

11.10.17

17-49: Hours of Operation for Thanksgiving 2017

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

10.26.17

17-48: Update to Disaster Policy Implementation: Californ...

After additional assessment of the damage from the California wildfires, all cities previously paused have been reinstated and will require a post...

10.24.17

17-47: Update to Conventional SRP Values

PennyMac will release new Conventional SRP values effective for all commitments taken on or after Monday, October 30, 2017.  

10.20.17

Revision to Announcement 17-41: Hours of Operation for Co...

This announcement is intended to provide revisions to Announcement 17-41: Hours of Operation for Columbus Day and Veterans Day Holidays 2017.  

10.18.17

17-45: Disaster Policy Implementation: California Wildfires

Due to the recent wildfires, the Governor of California has declared a State of Emergency. In accordance with its Disaster Policy, PennyMac may re...

10.17.17

17-44: FNMA Property Inspection Waivers and FHMLC Apprais...

Effective immediately, PennyMac is aligning with Fannie Mae’s and Freddie Mac’s expansion to property inspection waivers and appraisal waivers and...