Announcements - Page 11

12.19.18

Effective January 2nd, 2018, PennyMac is pleased to announce the release of the Non-Conforming Non-QM Loan Program. Highlights of the program include:

12.10.18

PennyMac will be aligning with the updates announced in Freddie Mac Bulletin 2018-18, 2018-19, and 2018-23, including but not limited to the below....

12.10.18

PennyMac is aligning with the updates identified in DU release Version 10.3. Updates include but are not limited to:

12.06.18

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

12.04.18

Effective with loan applications submitted to USDA for conditional commitment on or after December 15, 2018, PennyMac is aligning with the updates ...

12.03.18

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

11.30.18

Effective Friday, December 7th, 2018, PennyMac will be implementing the following updates to the Best Effort rate sheets in accordance with the con...

11.28.18

The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...

11.23.18

FEMA has recently declared Butte, Los Angeles, and Ventura counties in California as eligible for Individual Assistance due to the Camp Fire and Wo...

11.14.18

Effective Tuesday, November 27, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below.

11.13.18

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

11.09.18

For purposes of compliance with Regulation Z, PennyMac will treat Veteran's Day 2018 in accordance with the following rules:

11.08.18

Effective Monday November 12, 2018, Non-Delegated Eligibility Review will be available for VA loans with Best Efforts locks. An executed Non-Delega...

10.29.18

PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-15 and 2018-16. Changes identified below are included but not limite...

10.23.18

Effective immediately, Ginnie Mae’s seasoning requirements for FHA and USDA streamline or cash-out transactions will be applicable regardless of th...