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...
07.10.18
18-27: VA Refinance of Loans with No Payment History
As a clarification, per Ginnie Mae, loans paid off through a VA refinance must have a payment history in order to meet Ginnie Mae’s seasoning requi...
06.18.18
18-26: FNMA SEL 2018-05 and DU Release Notes June 23: Var...
PennyMac is aligning with the various updates in Fannie Mae SEL 2018-05 and DU Release Notes 6.23, with the exception of the HomeStyle Energy Prog...
06.15.18
18-25: Hours of Operation for the 4th of July Holiday
Please note PennyMac's hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment options.