Announcements - Page 15
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17-31: Fundings Paused Due to Hurricane Irma
Hurricane Irma is projected to make landfall in Florida the weekend of September 9th and widespread damage is expected. As a preemptive measure t...
17-30: Update to Texas Hurricane Harvey Requirements
Properties located in counties declared eligible for FEMA Individual Assistance will require a post-disaster inspection dated on or after August 3...
17-29: Disaster Policy Implementation: Texas Hurricane Ha...
Hurricane Harvey has brought catastrophic wind, rain and flooding to Southeast Texas. In response, FEMA has declared 18 counties in Texas as elig...
17-28: Update to the BE Rate Sheet Interest Rate Structure
PennyMac is pleased to announce the addition of the 4.060% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort rate shee...
17-27: FNMA SEL 2017-06: Various Topics
PennyMac is aligning with the updates announced in Fannie Mae Announcement 2017-06.
17-26: Hours of Operation for Labor Day Holiday
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options...
17-25: Student Loan Refinance Program and ARM LTV Increases
PennyMac is pleased to announce that the cash-out LLPA can now be waived on loans using Fannie Mae's Student Refinance program. In addition, P...
17-24: Uniform Closing Dataset Requirements
PennyMac will require that Correspondents submit Uniform Closing Dataset (UCD) files to both GSEs and provide evidence of a successful submission ...
17-23: FHLMC Bulletin 2017-7 and 2017-8
PennyMac is aligning with the updates announced in Freddie Mac Bulletins 2017-7 and 2017-8.
17-22: Payment and Amort Policy Update
Beginning in July, PennyMac is updating the Principal Balance Purchased - Payment Amortization Policy.
17-21: Hours of Operation for 4th of July Holiday 2017
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options for the 4th of July Holiday 2017.
17-20: Revised Sample Rate Sheets for HomeReady and Home ...
PennyMac has made revisions to the sample rates sheets in relation to the previous announcement 17-19 pertaining to Fannie Mae’s HomeReady and Fre...
17-19: Release of HomeReady, Home Possible Programs and 7...
PennyMac is pleased to announce the release of Fannie Mae’s HomeReady and Freddie Mac’s Home Possible programs along with expansion of the Best Ef...
17-18: FNMA SEL 2017-04 Student Loan Updates
Effective immediately PennyMac is pleased to announce alignment with the following topics from Fannie Mae’s recent announcement SEL 2017-04.
17-17: Rural Housing Procedural Notices 494 and 495: Net ...
Effective immediately, PennyMac is aligning with Rural Housing’s update to NTB definition and policy regarding hazard insurance deductibles.