Announcements - Page 2

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10.09.18

18-45: EPMI and Jumbo Non-Delegated LLPAs

Effective Monday, October 22, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below. Enterpr...

10.03.18

18-44: Release of Non-Delegated FHA and Temp Buydowns

Effective Monday October 15, 2018, Non-Delegated Eligibility Review will be available for FHA loans with Best Efforts locks. An executed Non-Delega...

09.28.18

18-43: Freddie Mac Bulletin 2018-12 and 2018-13: Various ...

PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-12 and 2018-13. Changes include but are not limited to the below. Ef...

09.28.18

18-42: Update to Disaster Policy Implementation: Hurrican...

PennyMac has updated the post-disaster inspection requirements for properties located in the below counties. At this time, all disaster impacted co...

09.27.18

18-41: Funding for USDA Rural Housing 2019 Fiscal Year

Per the Fiscal Year 2019 Commitment Notice released September 17, 2018, funding for the USDA Rural Housing Loan Program will not be available for a...

09.25.18

18-40: Hours of Operation for Columbus Day and Veterans D...

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

09.21.18

18-39: Updates to Conventional and Government LLPAs

Updates to Conventional LLPAs: PennyMac will update values on the 25-Year Fixed Conventional LLPA by Product Feature effective for all Best Effort ...

09.21.18

18-38: Update to Disaster Policy Implementation: Hurrican...

PennyMac continues to monitor the ongoing flooding in North and South Carolina and adjust funding pauses as needed. Below are counties that are eli...

09.17.18

18-37: Disaster Policy Implementation Update: Hurricane F...

FEMA has recently announced eighteen counties, denoted in bold below, as eligible for Individual Assistance due to Hurricane Florence. Due to the o...

09.11.18

18-36: Disaster Policy Implementation: Hurricane Florence

Due to Hurricane Florence, the Governors of North Carolina, South Carolina, and Virginia have pre- emptively declared a State of Emergency in coast...

08.31.18

18-35: Update to Jumbo Guidelines

PennyMac continuously reviews its guidelines in an effort to minimize risk to both PennyMac and its Correspondent partners.

08.31.18

18-34: Fannie Mae Announcement 2018-06 Various Updates

PennyMac is aligning with the updates announced in Fannie Mae’s Announcement 2018-06. Changes include but are not limited to the below. Effective d...

08.29.18

18-33: Electronic Closings

This announcement clarifies PennyMac’s policy on e-signing documents in both origination and closing processes.

08.24.18

18-32: Updates to Govt FICO LLPA Values and SRP Values

Effective for all Best Effort and AOT-DT commitments taken on or after Wednesday, September 5th, 2018, PennyMac is implementing the following updat...