Announcements - Page 13
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11.14.18
18-52: Conventional and Jumbo LLPAs
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
18-51: Hours of Operation for Thanksgiving Holiday 2018
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
11.09.18
18-50: Veteran’s Day
For purposes of compliance with Regulation Z, PennyMac will treat Veteran's Day 2018 in accordance with the following rules:
11.08.18
18-49: Release of Non-Delegated VA
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
18-48: Freddie Mac Bulletin 2018-15 and 2018-16: Various ...
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
18-47: FHA and USDA Seasoning Requirement Updates
Effective immediately, Ginnie Mae’s seasoning requirements for FHA and USDA streamline or cash-out transactions will be applicable regardless of th...
10.17.18
18-46: Temporary Buydown Option Update
PennyMac is clarifying the requirements regarding temp buydowns. Please see below for updated requirements indicated in red. Effective Monday, Octo...
10.09.18
18-45: EPMI and Jumbo Non-Delegated LLPAs
Effective Monday, October 22, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below. Enterpr...
10.03.18
18-44: Release of Non-Delegated FHA and Temp Buydowns
Effective Monday October 15, 2018, Non-Delegated Eligibility Review will be available for FHA loans with Best Efforts locks. An executed Non-Delega...
09.28.18
18-43: Freddie Mac Bulletin 2018-12 and 2018-13: Various ...
PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-12 and 2018-13. Changes include but are not limited to the below. Ef...
09.28.18
18-42: Update to Disaster Policy Implementation: Hurrican...
PennyMac has updated the post-disaster inspection requirements for properties located in the below counties. At this time, all disaster impacted co...
09.27.18
18-41: Funding for USDA Rural Housing 2019 Fiscal Year
Per the Fiscal Year 2019 Commitment Notice released September 17, 2018, funding for the USDA Rural Housing Loan Program will not be available for a...
09.25.18
18-40: Hours of Operation for Columbus Day and Veterans D...
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
09.21.18
18-39: Updates to Conventional and Government LLPAs
Updates to Conventional LLPAs: PennyMac will update values on the 25-Year Fixed Conventional LLPA by Product Feature effective for all Best Effort ...
09.21.18
18-38: Update to Disaster Policy Implementation: Hurrican...
PennyMac continues to monitor the ongoing flooding in North and South Carolina and adjust funding pauses as needed. Below are counties that are eli...