Announcements - Page 18

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09.29.15

15-52: FHLMC Bulletin 2015-12 and 2015-16: Various Updates

For all conforming LP approved transactions, PennyMac is aligning with the changes announced by Freddie Mac in Bulletins 2015-12 and 2015-16.

09.25.15

15-51: Funding for USDA Rural Housing 2016 Fiscal Year

Per the Fiscal Year 2016 Commitment Notice released September 24, 2015, funding for the USDA Rural Housing Loan Program will not be available for ...

09.21.15

15-49: Rural Housing Increase to the Upfront Guarantee F...

Per Rural Housing Unnumbered Letter (UL) dated June 16, 2015, effective with loans obligated on or after October 1, 2015, the upfront guarantee fe...

09.21.15

15-48: Updates to Delivery Requirements Regarding TILA R...

In our previous TRID Announcement, we provided correspondents with resources to help you meet PennyMac’s delivery requirements.  In response to yo...

09.21.15

15-50: Borrowers with Housing Choice Voucher Homeownersh...

While PennyMac considers the income derived from the HAP acceptable, due to operational constraints, transactions involving HAPs paid directly to ...

09.09.15

15-47: New FHA Handbook 4000.1 and Update to Guidelines

Effective with case numbers assigned on or after September 14, 2015, FHA has updated the Single Family Housing Policy Handbook with the release of...

09.04.15

15-46: Revision to Announcement

This announcement is intended to provide revisions to Announcement 15-45 regarding Updates to Government FICO Price Adjustments and Rate Sheet Exc...

09.02.15

15-45: Updates to Government FICO Price Adjustments and ...

Effective for all commitments taken on or after Thursday, September 17th, 2015, PennyMac is implementing updates to the ‘Govt LLPAs’ tab on all ra...

09.01.15

15-44: Hours of Operation for the Labor Day Holiday

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

08.31.15

15-43: Transactions Involving "Turn-Key" Investments

Effective immediately and for all loan programs, transactions involving turn-key investment, or other similar arrangements, are not eligible for p...

08.13.15

15-42: TILA RESPA Integrated Disclosures

Consumer loans with applications received by the lender (or mortgage broker, if applicable) on or after October 3, 2015 must comply with the TRID ...

08.12.15

15-41: Fannie Mae SEL 2015-08: Various Changes

For all conforming DU approved new or re-submitted transactions, PennyMac is announcing the following changes.

07.28.15

15-40: FHLMC Bulletin 2015-12: Various Changes

For conforming LP approved transactions, effective immediately, PennyMac is aligning with the following Freddie Mac changes announced in Bulletin ...

07.24.15

15-39: Revision to Announcement 15-19 FHLMC 2015-4: Cond...

This announcement is intended to provide revisions to Announcement 15-19 regarding FHLMC 2015-4: Condo Requirements and Reserve Verification Requi...

07.22.15

15-38: Updates to Government FICO Price Adjustments

Effective for all commitments taken on or after Monday, July 27th, 2015, PennyMac is implementing updates to the ‘Govt LLPAs’ tab on all rate shee...