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’...