Announcements - Page 11

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11.24.15

15-59: TRID Delivery Requirements Reminder

PennyMac has drafted this reminder highlighting specific delivery requirements to help ensure loans are purchased in a timely manner.

11.19.15

15-58: Hours of Operation for Thanksgiving Holiday 2015

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

11.18.15

15-57: Flood Insurance Requirements – All Programs

Effective for loans closed on or after January 1, 2016, PennyMac will require flood insurance premiums to be escrowed, in compliance with the Bigg...

11.18.15

15-56: FNMA SEL 2015-10 and DU Release Notes DU Version ...

Fannie Mae will be updating DU with a release over the weekend of December 12, 2015.  Effective with casefiles submitted to DU 9.3, PennyMac will ...

10.29.15

15-55: Raymond James and Associates, Inc. Added as Accep...

Effective immediately, PennyMac is pleased to announce that Raymond James & Associates, Inc. is now an acceptable Broker Dealer in the Ass...

10.06.15

15-54: Disaster Policy Implementation: South Carolina Se...

FEMA has recently declared all counties in South Carolina as eligible for Public Assistance due to Severe Storms and Flooding.  Due to the extreme...

10.06.15

15-53: Hours of Operation for Columbus Day and Veterans ...

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

09.29.15

15-52: FHLMC Bulletin 2015-12 and 2015-16: Various Updates

For all conforming LP approved transactions, PennyMac is aligning with the changes announced by Freddie Mac in Bulletins 2015-12 and 2015-16.

09.25.15

15-51: Funding for USDA Rural Housing 2016 Fiscal Year

Per the Fiscal Year 2016 Commitment Notice released September 24, 2015, funding for the USDA Rural Housing Loan Program will not be available for ...

09.21.15

15-49: Rural Housing Increase to the Upfront Guarantee F...

Per Rural Housing Unnumbered Letter (UL) dated June 16, 2015, effective with loans obligated on or after October 1, 2015, the upfront guarantee fe...

09.21.15

15-48: Updates to Delivery Requirements Regarding TILA R...

In our previous TRID Announcement, we provided correspondents with resources to help you meet PennyMac’s delivery requirements.  In response to yo...

09.21.15

15-50: Borrowers with Housing Choice Voucher Homeownersh...

While PennyMac considers the income derived from the HAP acceptable, due to operational constraints, transactions involving HAPs paid directly to ...

09.09.15

15-47: New FHA Handbook 4000.1 and Update to Guidelines

Effective with case numbers assigned on or after September 14, 2015, FHA has updated the Single Family Housing Policy Handbook with the release of...

09.04.15

15-46: Revision to Announcement

This announcement is intended to provide revisions to Announcement 15-45 regarding Updates to Government FICO Price Adjustments and Rate Sheet Exc...

09.02.15

15-45: Updates to Government FICO Price Adjustments and ...

Effective for all commitments taken on or after Thursday, September 17th, 2015, PennyMac is implementing updates to the ‘Govt LLPAs’ tab on all ra...