Announcements - Page 14

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06.23.15

15-30: Update Regarding Additional Counties Impacted by ...

As a reminder, FEMA has recently declared additional counties in Kentucky, Oklahoma and Texas as eligible for Individual Assistance due to differe...

06.19.15

15-29: Updates to Conventional Loan Level Price Adjustments

Please be advised that PennyMac is implementing numerous updates to Loan Level Price Adjustments (LLPAs) for Conventional loan programs.  

06.10.15

15-28: Hours of Operation for the 4th of July Holiday

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

06.08.15

15-27: Clarification to Announcement 15-26 Changes to VA...

This announcement is intended to provide further clarity regarding Announcement 15-26 regarding Changes to VA IRRRL Maximum LTV and Valuation.

06.05.15

15-26: Changes to VA IRRRL Maximum LTV and Valuation

Effective with commitments taken on or after Monday June 15, 2015, PennyMac is pleased to announce that VA IRRRL transactions will be eligible for...

06.03.15

15-25: Disaster Policy Implementation: Texas Severe Storm...

FEMA has recently declared three counties in Texas as eligible for Individual Assistance due to severe storms, tornadoes, straight-line winds, and...

05.27.15

15-24: FNMA SEL 2015-06 Payoff of Revolving Debt to Qualify

Effective immediately, for DU approved conforming loans, PennyMac is aligning with Fannie Mae’s change and will no longer require that the revolvi...

05.18.15

15-23: Hours of Operation for Friday, May 22nd 2015 and ...

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

05.11.15

15-22: 2014 Tax Transcript Requirement and Increase of I...

Effective with loans closed on or after June 15, 2015, 2014 tax transcripts will be required.

05.08.15

15-21: Disaster Policy Implementation: Kentucky Severe S...

FEMA has recently declared 10 counties in Kentucky as eligible for Individual Assistance due to severe storms, tornadoes, flooding, landslides and...

04.27.15

15-20: Collateral Underwriter (CU) for Non-Fannie Mae Se...

The Collateral Underwriter (CU) web-based user interface is now available (as of April 20, 2015) to non-Fannie Mae sellers. Although the use of CU...

04.16.15

15-19: FHLMC 2015-4: Condo Requirements and Reserve Verif...

In light of recent market trends and lender inquiries, Freddie Mac revised certain condo requirements.  Effective immediately, PennyMac is alignin...

04.15.15

15-18: Fannie Mae SEL 2014-16: Changes to Student Loans ...

Effective immediately, PennyMac is aligning with Fannie Mae’s updates to student loans and solar panels, as announced SEL 2014-16, for conforming ...

04.14.15

15-17: Update to Hazard and Flood Insurance Mortgagee Cl...

Effective immediately, the hazard and flood insurance mortgagee clause has been updated for loans sold to PennyMac Correspondent Group.  

04.02.15

15-16: Reminder for UCDP/SSR and Requirement for Collate...

Reminder for UCDP and SSR and information regarding Fannie Mae Collateral Underwriter.