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...
08.24.18
18-31: Hours of Operation for Labor Day Holiday 2018
Hours of operation for Best Effort, Bulk, AOT and DT Commitment Options.
07.18.18
18-30: Freddie Mac Bulletin 2018-10 Updates to Condos and...
For all LPA approved loans, PennyMac is aligning with the updates announced in Bulletin 2018-10, including but not limited to the below. Effective ...
07.13.18
18-29: Various Topics: HomeOne, FHA Gift Donor Statements...
Freddie Mac recently announced the HomeOne program with LTVs up to 97%. PennyMac will not immediately participate in the HomeOne Option and will co...
07.10.18
18-28: Disaster Policy Implementation: Texas Flooding
FEMA has recently declared two counties in Texas as eligible for Individual Assistance due to severe storms and flooding. In accordance with PennyM...