Announcements - Page 17

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01.11.17

17-01: Hours of Operation for Martin Luther King Jr Day a...

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

12.30.16

16-50: Property Inspection Waiver Fee Discontinued

Effective immediately, PennyMac will discontinue the $75 property inspection waiver (PIW) fee, in conjunction with Fannie Mae's removal of the...

12.23.16

16-49: Updates to FHA and VA Overlays

Effective immediately, for all FHA Streamlines and VA IRRRLs

12.20.16

16-48: FHA ML 2016-20 and VA Circular 26-16-36: 2017 Loan...

Effective with case numbers assigned on or after January 1, 2017, PennyMac is aligning

12.06.16

16-47: Expanded Best Efforts Base Pricing

PennyMac is pleased to announce expansion of the Best Effort grids to include specialized base pricing for loan amounts less than 200K.

12.06.16

16-46: Hours of Operation for 2016 December Holidays

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

12.02.16

16-45: 2017 Conventional Loan Limit Increase

Effective with commitments issued on or after December 5, 2016, PennyMac is aligning with the conforming loan limit increases for standard and hig...

11.25.16

16-44: FNMA 2016-08 and DU Release Notes DU 10.0 December...

For all conforming DU approved loans, PennyMac will be aligning with the updates announced in Fannie Mae SEL 2016-08

11.21.16

16-43: Hours of Operation for Thanksgiving Holiday 2016

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

11.10.16

16-42: Six Month Payment History for All VA IRRRL Transac...

Ginnie Mae is requiring all streamline refinance transactions to have a minimum of six payments prior to refinancing for TBA deliverable Ginnie Ma...

11.03.16

16-41: SRP Grid LLPAs, and Seller's Guide Revision

PennyMac will release new SRP grids effective for all commitments taken on or after Monday, November 14, 2016.

10.12.16

16-40: Disaster Policy Implementation: Hurricane Matthew

FEMA has recently declared 14 counties in North Carolina as eligible for Individual Assistance due to Hurricane Matthew.  PennyMac will be requiri...

10.06.16

16-39: Routing Post Purchase Insurance Documents

Routing instructions for communications received from insurance carries for loans already sold to PennyMac.

10.06.16

16-38: Address Change – Hazard and Flood Insurance Mortg...

Effective immediately, PennyMac’s mortgagee clause has been changed.

10.04.16

16-37: Hours of Operation for Columbus Day and Veterans ...

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