Announcements - Page 14

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09.01.15

15-44: Hours of Operation for the Labor Day Holiday

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

08.31.15

15-43: Transactions Involving "Turn-Key" Investments

Effective immediately and for all loan programs, transactions involving turn-key investment, or other similar arrangements, are not eligible for p...

08.13.15

15-42: TILA RESPA Integrated Disclosures

Consumer loans with applications received by the lender (or mortgage broker, if applicable) on or after October 3, 2015 must comply with the TRID ...

08.12.15

15-41: Fannie Mae SEL 2015-08: Various Changes

For all conforming DU approved new or re-submitted transactions, PennyMac is announcing the following changes.

07.28.15

15-40: FHLMC Bulletin 2015-12: Various Changes

For conforming LP approved transactions, effective immediately, PennyMac is aligning with the following Freddie Mac changes announced in Bulletin ...

07.24.15

15-39: Revision to Announcement 15-19 FHLMC 2015-4: Cond...

This announcement is intended to provide revisions to Announcement 15-19 regarding FHLMC 2015-4: Condo Requirements and Reserve Verification Requi...

07.22.15

15-38: Updates to Government FICO Price Adjustments

Effective for all commitments taken on or after Monday, July 27th, 2015, PennyMac is implementing updates to the ‘Govt LLPAs’ tab on all rate shee...

07.16.15

15-37: Freddie Mac Bulletins 2015-7 and 2015-6: Updates ...

For conforming LP approved transactions, effective with LP feedback certificates dated on or after July 19, 2015, PennyMac is aligning with Freddi...

07.16.15

15-36: Changes to Mandatory/AOT Conv LLPA Values and Rel...

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

07.13.15

15-35: FNMA SEL 2015-07 and DU Version 9.2 August Update...

Effective immediately, for DU conventional loans, PennyMac is aligning with Fannie Mae’s changes in Announcement SEL 2015-07 and DU Version 9.2 Au...

06.30.15

15-34: Collateral Delivery Best Practices

The following best practices will ensure collateral documents are received and reviewed timely.

06.30.15

15-33: Updates to Conventional Loan Level Price Adjustme...

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

06.26.15

15-32: USDA Rural Housing Tax Transcript Rejection Requi...

Effective immediately, for all USDA Rural Housing loans that require transcripts, PennyMac is aligning with USDA Rural Housing’s Single Family Hou...

06.25.15

15-31: Revision to Announcement 15-29 Updates to Convent...

This announcement is intended to provide revisions to Announcement 15-29 regarding Updates to Conventional Loan Level Price Adjustments. 

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...