18-22: Updates to Conventional and Jumbo LLPAs
PennyMac will be making structural changes to the Jumbo LLPA grids, and will be updating the values for the Conventional and Jumbo LLPAs. In addit...
18-21: PCG Hours of Operation for Memorial Day Holiday 2018
Please note the hours of operation for Best Effort, Bulk, AOT and DT commitment options.
18-20: VA Circulars 26-18-6 and 26-18-7: Loans for Altera...
VA recently announced updated guidance on Loans for Alteration and Repairs and Construction to Permanent Home Loans.
18-19: Freddie Mac Bulletin 2018-05: LTV/TLTV Increase an...
PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05.
18-18: Uniform Closing Dataset (UCD) Requirement Reminder
Effective with deliveries as of May 1, 2018, PennyMac will begin to require evidence of successful submission of Uniform Closing Dataset (UCD) dat...
18-17: Updates to Conventional and Jumbo LLPAs
PennyMac will be making various updates to the LLPAs for Conventional and Jumbo programs.
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:
18-16: Universal Loan Identifier (ULI) Can Now be Provide...
Effective immediately sellers may also begin providing individual ULI numbers in their bulk bid tapes.
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...
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.
18-12: Updates to PennyMac Jumbo Program
Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.
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...
18-10: Clarification of GNMA APM 17-06
Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.
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...
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...