Announcements - Page 24

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09.09.16

16-33: Update to GSE ARM Notes and Riders

Effective with ARM Notes issued on or after October 1, 2016, PennyMac is aligning with Fannie Mae and Freddie Mac and will be requiring the use of...

09.02.16

16-32: FHA ML 2016-11 and VA Circular 26-16-18: PACE Ass...

Effective immediately, PennyMac is aligning with FHA and VA’s guidelines regarding properties with outstanding PACE loans.

08.29.16

16-31: Hours of Operation for Labor Day Holiday

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

08.16.16

16-30: Disaster Policy Implementation: Louisiana Severe S...

FEMA has recently declared 12 parishes in Louisiana as eligible for Individual Assistance due to severe storms and flooding. In accordance with P...

08.10.16

16-29: Updates to Conventional and Government LLPA tabs o...

Effective for all commitments taken on or after Monday, August 22nd , 2016, PennyMac is implementing updates to values in the ‘Conv LLPAs’ and ‘Go...

07.24.16

16-28: Technical Issue - Access to PennyMac Correspondent...

Over the weekend, a technology update was released to the PennyMac Correspondent Portal. No client facing changes were implemented; however, users...

07.22.16

16-27: Removal of Mandatory Forward Delivery Method

PennyMac is removing the Mandatory Forward delivery method from its offering of commitment types. Best Effort, AOT/DT and Bulk will NOT be affect...

07.14.16

16-26: Trailing Document Invoice Policy Reminder

This announcement is intended to serve as a reminder of PennyMac’s trailing document policy as well as to share best practices for managing traili...

07.08.16

16-25: FNMA SEL 2016-04 and 2016-05: Various Updates

PennyMac is aligning with the updates announced by Fannie Mae in SEL 2016-04 and 2016-05, including but not limited to the following:

06.30.16

16-24: Employment Beginning After Close Allowed on Confor...

Effective immediately, PennyMac is pleased to announce that borrowers may begin employment after close on conforming DU transactions, in accordanc...

06.30.16

16-23: Hours of Operation for the 4th of July Holiday

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

06.15.16

16-22: Disaster Policy Implementation: Texas Severe Stor...

In accordance with PennyMac’s existing Disaster Policy, PennyMac will be requiring post-disaster inspections for the following counties:

06.09.16

16-21: Disaster Policy Implementation: Texas Severe Stor...

Effective immediately, PennyMac is requiring post disaster inspections for the following counties for properties located in flood zones:

05.25.16

16-20: Hours of Operation for Friday, May 27th 2016 and ...

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

05.24.16

16-19: Release of the USDA Rural Housing Streamlined-Ass...

Effective with loan commitments issued on or after June 2, 2016, PennyMac is aligning with USDA Rural Housing’s release of the Streamlined-Assist ...