Announcements - Page 13

12.06.16

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

12.02.16

Effective with commitments issued on or after December 5, 2016, PennyMac is aligning with the conforming loan limit increases for standard and hig...

11.25.16

For all conforming DU approved loans, PennyMac will be aligning with the updates announced in Fannie Mae SEL 2016-08

11.21.16

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

11.10.16

Ginnie Mae is requiring all streamline refinance transactions to have a minimum of six payments prior to refinancing for TBA deliverable Ginnie Ma...

11.03.16

PennyMac will release new SRP grids effective for all commitments taken on or after Monday, November 14, 2016.

10.12.16

FEMA has recently declared 14 counties in North Carolina as eligible for Individual Assistance due to Hurricane Matthew.  PennyMac will be requiri...

10.06.16

Routing instructions for communications received from insurance carries for loans already sold to PennyMac.

10.06.16

Effective immediately, PennyMac’s mortgagee clause has been changed.

10.04.16

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

10.02.16

Effective for all FHA 203(k) commitments taken on or after Monday, October 10th, 2016, PennyMac is implementing an update to the fee schedule for A...

09.26.16

Per the Fiscal Year 2017 Commitment Notice released September 22, 2016, funding for the USDA Rural Housing Loan Program will not be available for ...

09.21.16

PennyMac continues to see transactions where student loan payments are not calculated correctly.  As a reminder, on conforming DU approved transac...

09.09.16

Effective with ARM Notes issued on or after October 1, 2016, PennyMac is aligning with Fannie Mae and Freddie Mac and will be requiring the use of...

09.02.16

Effective immediately, PennyMac is aligning with FHA and VA’s guidelines regarding properties with outstanding PACE loans.