Announcements - Page 16

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17-33: Tampa, FL Office Closure Update

PennyMac's Tampa operations facility is closed today (Monday, 9/11/17) due to Hurricane Irma, and it will reopen as soon as power is restablished.


17-32: Tampa, FL Office Closure due to Hurricane Irma

Due to Hurricane Irma, PennyMac's Tampa Operations Center is closing early today, September 8, 2017, and will likely be closed Monday, Septemb...


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...