Announcements - Page 17
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17-36: Update to Hurricane Irma: Additional Counties Added
After additional assessment of Hurricane IRMA damage, additional counties have been added to Individual Assistance. Counties added in this update...
17-35: Disaster Policy Implementation: Florida and Hurric...
In accordance with PennyMac’s disaster policy, the following counties will require a post-disaster inspection dated on or after September 11, 2017...
17-34: Tampa, FL Office Re-Opening and Update to Hurrican...
PennyMac’s Tampa, FL operation facility has regained power and will be open Tuesday September 12th. In addition, PennyMac will begin accepting po...
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.