Announcements - Page 16

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02.01.16

16-05: Fannie Mae SEL 2014-16 and 2015-09: Self-Employed...

Effective with applications taken on or after February 1, 2016, for all DU approved conventional loans, PennyMac is aligning with Fannie Mae’s upd...

01.25.16

16-04: Health and Safety Hazard: Water in Flint, Michigan

Effective immediately for all loan programs requiring an appraisal: For all loans located in Flint, Michigan, the lender must provide documentatio...

01.15.16

16-03: TILA RESPA Integrated Disclosures (TRID) Update

Based on recent stipulation trends of loans closed under TRID, PennyMac has created this reminder highlighting specific delivery requirements to h...

01.14.16

16-02: Hours of Operation for Martin Luther King Jr Day ...

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

01.06.16

16-01: Disaster Notification for Mississippi, Missouri a...

FEMA has recently declared several counties in Mississippi as eligible for Individual Assistance. In accordance with PennyMac’s existing Disaster...

12.30.15

15-64: Texas Tornadoes and Post Disaster Inspections

PennyMac is continuing to monitor the residential property damage caused by the tornadoes. In accordance with its Disaster Policy, PennyMac may re...

12.15.15

15-63: Hours of Operation for 2015 December Holidays

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

12.09.15

15-62: Freddie Mac Bulletin 2015-20: Borrower Funds and ...

Effective immediately for conforming LP approved loans, PennyMac is aligning with Freddie Mac updates announced in Bulletin 2015-20.  

12.07.15

15-61: Revision to Announcement 15-60: New 4506-T Form a...

This announcement is intended to provide revisions to Announcement 15-60: New 4506-T Form and Reminder Regarding 4506-T Requirements for Self-Empl...

12.02.15

15-60: New 4506-T Form and Reminder Regarding 4506-T Req...

The IRS has released a new 4506-T form, revised 9/2015 which now requires the borrower to attest to his/her authority to sign the 4506-T.  PennyMa...

11.24.15

15-59: TRID Delivery Requirements Reminder

PennyMac has drafted this reminder highlighting specific delivery requirements to help ensure loans are purchased in a timely manner.

11.19.15

15-58: Hours of Operation for Thanksgiving Holiday 2015

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

11.18.15

15-57: Flood Insurance Requirements – All Programs

Effective for loans closed on or after January 1, 2016, PennyMac will require flood insurance premiums to be escrowed, in compliance with the Bigg...

11.18.15

15-56: FNMA SEL 2015-10 and DU Release Notes DU Version ...

Fannie Mae will be updating DU with a release over the weekend of December 12, 2015.  Effective with casefiles submitted to DU 9.3, PennyMac will ...

10.29.15

15-55: Raymond James and Associates, Inc. Added as Accep...

Effective immediately, PennyMac is pleased to announce that Raymond James & Associates, Inc. is now an acceptable Broker Dealer in the Ass...