12.03.18
18-56: Hours of Operation for National Day of Mourning – ...
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
11.30.18
18-55: Updates to FHLMC Home Possible and Home Possible A...
Effective Friday, December 7th, 2018, PennyMac will be implementing the following updates to the Best Effort rate sheets in accordance with the con...
11.28.18
18-54: 2019 Conventional Loan Limit Increase
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
11.23.18
18-53: Disaster Policy Implementation: California Wildfires
FEMA has recently declared Butte, Los Angeles, and Ventura counties in California as eligible for Individual Assistance due to the Camp Fire and Wo...
11.14.18
18-52: Conventional and Jumbo LLPAs
Effective Tuesday, November 27, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below.
11.13.18
18-51: Hours of Operation for Thanksgiving Holiday 2018
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
11.09.18
18-50: Veteran’s Day
For purposes of compliance with Regulation Z, PennyMac will treat Veteran's Day 2018 in accordance with the following rules:
11.08.18
18-49: Release of Non-Delegated VA
Effective Monday November 12, 2018, Non-Delegated Eligibility Review will be available for VA loans with Best Efforts locks. An executed Non-Delega...
10.29.18
18-48: Freddie Mac Bulletin 2018-15 and 2018-16: Various ...
PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-15 and 2018-16. Changes identified below are included but not limite...
10.23.18
18-47: FHA and USDA Seasoning Requirement Updates
Effective immediately, Ginnie Mae’s seasoning requirements for FHA and USDA streamline or cash-out transactions will be applicable regardless of th...
10.17.18
18-46: Temporary Buydown Option Update
PennyMac is clarifying the requirements regarding temp buydowns. Please see below for updated requirements indicated in red. Effective Monday, Octo...
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...