Announcements - Page 11

09.27.18

Per the Fiscal Year 2019 Commitment Notice released September 17, 2018, funding for the USDA Rural Housing Loan Program will not be available for a...

09.25.18

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

09.21.18

Updates to Conventional LLPAs: PennyMac will update values on the 25-Year Fixed Conventional LLPA by Product Feature effective for all Best Effort ...

09.21.18

PennyMac continues to monitor the ongoing flooding in North and South Carolina and adjust funding pauses as needed. Below are counties that are eli...

09.17.18

FEMA has recently announced eighteen counties, denoted in bold below, as eligible for Individual Assistance due to Hurricane Florence. Due to the o...

09.11.18

Due to Hurricane Florence, the Governors of North Carolina, South Carolina, and Virginia have pre- emptively declared a State of Emergency in coast...

08.31.18

PennyMac continuously reviews its guidelines in an effort to minimize risk to both PennyMac and its Correspondent partners.

08.31.18

PennyMac is aligning with the updates announced in Fannie Mae’s Announcement 2018-06. Changes include but are not limited to the below. Effective d...

08.29.18

This announcement clarifies PennyMac’s policy on e-signing documents in both origination and closing processes.

08.24.18

Effective for all Best Effort and AOT-DT commitments taken on or after Wednesday, September 5th, 2018, PennyMac is implementing the following updat...

08.24.18

Hours of operation for Best Effort, Bulk, AOT and DT Commitment Options.

07.18.18

For all LPA approved loans, PennyMac is aligning with the updates announced in Bulletin 2018-10, including but not limited to the below. Effective ...

07.13.18

Freddie Mac recently announced the HomeOne program with LTVs up to 97%. PennyMac will not immediately participate in the HomeOne Option and will co...

07.10.18

FEMA has recently declared two counties in Texas as eligible for Individual Assistance due to severe storms and flooding. In accordance with PennyM...

07.10.18

As a clarification, per Ginnie Mae, loans paid off through a VA refinance must have a payment history in order to meet Ginnie Mae’s seasoning requi...