Announcements - Page 13

03.14.19

Effective immediately, PennyMac will align with FHA’s ML 2019-01, and will accept third party verification services. Lenders must include any third...

03.14.19

PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, March 22, 2019,...

03.11.19

PennyMac is pleased to announce the release of Freddie Mac’s HomeOne option. Highlights of the program include:

02.28.19

Effective March 6, 2019, PennyMac will expire the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT ra...

02.25.19

Effective immediately, PennyMac is pleased to announce the release of the VA Renovation program. Program requirements include:

02.21.19

Revision February 20, 2019: DU and LPA have been updated with the requirements to support VA’s update to cash-out transactions. As such, all loans ...

02.13.19

VA has divided cash-out transactions into two separate categories, Type I and Type II.

02.11.19

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

02.01.19

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

02.01.19

Effective with loans delivered on or after February 4, 2019, PennyMac is removing the temporary guidelines associated with the partial government s...

01.30.19

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

01.18.19

In light of the recent Federal Government shutdown, both Fannie Mae and Freddie Mac, in consultation with FHFA, have jointly provided additional gu...

01.18.19

Conventional 25/30 Yr Fixed: PennyMac will be introducing the 4.990% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort ...

01.17.19

PennyMac will be aligning with the updates announced in Freddie Mac’s Bulletin 2018-21 and Bulletin 2018- 23, except as indicated below. Updates in...

01.17.19

FNMA High LTV and FHLMC Enhanced Relief: PennyMac will not be purchasing Fannie Mae’s High LTV or Freddie Mac’s Enhanced LTV at this time. PennyMac...