Announcements - Page 11

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08.23.19

19-50: VA Circular 26-19-22 and updates to the VA Handbook

Effective immediately, for all IRRRL transactions PennyMac is aligning with updates to the recoupment calculation announced in VA Circular 26-19-22...

08.20.19

19-49: Update to Ginnie Mae Seasoning Requirements

Ginnie Mae recently released APM 19-05, which updated seasoning requirements following Senate Bill S.1749. As a reminder, effective August 1, 2019,...

08.16.19

19-48: Hours of Operation for Labor Day Holiday

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

08.16.19

19-47: Updates to Conventional Base Pricing Grids

19-47: Updates to Conventional Base Pricing Grids: Effective Wednesday, August 21, 2019, PennyMac will be expanding the Conventional Base pricing g...

08.12.19

19-46: Revision to Announcement 19-45 FHA ML 19-11 and Gi...

19-46: Revision to Announcement 19-45 FHA ML 19-11 and Ginnie Mae APM 19-05: Updates to FHA Cash-out Max LTV and VA Full Doc Refi Max LTV

08.07.19

19-45: FHA ML 19-11 and Ginnie Mae APM 19-05: Updates to ...

FHA ML 19-11 and Ginnie Mae APM 19-05: Updates to FHA Cash-out Max LTV and VA Full Doc Refi Max LTV

08.02.19

19-44: Update to Early Payoff Policy in Seller’s Guide

Effective for commitments taken on or after August 5, 2019, PennyMac will add a third bullet point to the Early Payoff Policy in the Delegated and ...

08.01.19

19-43: Update to VA Seasoning Requirements and COE Requir...

PennyMac is announcing the following updates on VA transactions. All updates are effective immediately.

07.31.19

19-42: ChoiceRenovation, HomePossible Income Limits, and ...

PennyMac is aligning to the updates in Freddie Mac bulletins 2019-14, 2019-15, and 2019-16. Updates include but are not limited to the following. A...

07.16.19

Revision to Announcement 19-40: New Bulk Bid Tape Fields ...

The effective date of requirement for the addition of the ‘AUS Type’ and ‘Appraisal Waiver Indicator’ fields will be Thursday, July 25, 2019, inste...

07.11.19

19-40: New Bulk Bid Tape Fields and Update to Conventiona...

The effective date of requirement for the addition of the ‘AUS Type’ and ‘Appraisal Waiver Indicator’ fields will be Thursday, July 25, 2019, inste...

06.26.19

19-39: Update to HARP Programs on Best Effort and AOT Rat...

Pursuant to Announcement 19-35, PennyMac will be removing the HARP programs, including DU Refi Plus and LPA Open Access, from the Best Effort and A...

06.26.19

19-38: Hours of Operation for the 4th of July Holiday

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

06.24.19

19-37: VA IRRRL Months to Recoup

Previously, PennyMac required all IRRRLs to meet the 36 month fee recoupment, except in transactions where the payment increased due to a term redu...

06.20.19

19-36: FHA ML 2019-08 and Reminder Regarding Illegal Acti...

Effective with case numbers assigned on or after June 17, 2019, PennyMac is aligning with FHA’s updates to Building On Own Land (BOOL).