Announcements - Page 2
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03.22.18
18-15: Hours of Operation for Good Friday Holiday 2018
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
03.20.18
18-14: FNMA SEL 18-02 Updates to the HomeStyle Program
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-02...
03.14.18
18-13: PCG Updates to Conv LLPAs and AOT 3rd Settlement M...
PennyMac will make changes to the Conventional LLPAs and will also introduce a 3rd settlement month to the AOT rate sheet.
02.26.18
18-12: Updates to PennyMac Jumbo Program
Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.
02.12.18
18-11: FNMA 2018-01: Various Topics
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-01. All updates are effective imme...
02.01.18
18-10: Clarification of GNMA APM 17-06
Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.
01.29.18
18-09: Reminder Regarding 2017 Tax Transcript
Effective with all loans closed on or after June 15, 2018, 2017 tax transcripts will be required per PennyMac’s Tax Transcript Policy...
01.22.18
18-08: Disaster Policy Implementation- Southern Californi...
FEMA has recently declared 4 counties in Southern California as eligible for disaster related Individual Assistance. PennyMac will require post-d...
01.22.18
18-07: Updates to SRP Grids and LLPAs
Effective for all Best Effort and AOT-DT commitments taken on or after January 29, 2018, PennyMac is releasing new SRP grid values and updates to...
01.18.18
18-06: FHLMC 2017-28: Updates Employment After the Note D...
Effective immediately, PennyMac is updating its requirements for Employment Commencing After the Note Date to more closely align with Freddie Mac’...
01.18.18
18-05: FNMA SEL 2017-10: Title in an LLC and Premium Pricing
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2017-10, including but not limited to th...
01.16.18
18-04: Extension of Freddie Mac Income Update Effective D...
Freddie Mac recently extended the required effective dates of their rental income changes to November 2018.
01.10.18
18-03: GNMA APM 17-06 Updates to Seasoning Requirements f...
Effective with loans delivered on or after March 2, 2018, PennyMac is aligning with Ginnie Mae’s seasoning requirements for all streamline and cas...
01.10.18
18-01: Temporary Update to Rural Housing Transcript Requi...
Effective immediately, PennyMac is temporarily suspending transcripts for all household members to validate annual household income.
01.03.18
18-02: Hours of Operation for MLK Jr. Day and Presidents ...
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options: