Announcements - Page 3

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03.11.19

19-18: Release of Freddie Mac’s HomeOne Option and Update...

PennyMac is pleased to announce the release of Freddie Mac’s HomeOne option. Highlights of the program include:

02.28.19

19-17: Updates to Conventional and Government Purchase Sp...

Effective March 6, 2019, PennyMac will expire the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT ra...

02.25.19

19-16: Release of VA Renovation Program

Effective immediately, PennyMac is pleased to announce the release of the VA Renovation program. Program requirements include:

02.21.19

19-15: Revision to Announcement 19-14: Updates to VA Cash...

Revision February 20, 2019: DU and LPA have been updated with the requirements to support VA’s update to cash-out transactions. As such, all loans ...

02.13.19

19-14: VA Circular 26-18-30 Updates to VA Cash-Out Transa...

VA has divided cash-out transactions into two separate categories, Type I and Type II.

02.11.19

19-13: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

02.01.19

19-12: Hours of Operation for Presidents’ Day Holiday

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

02.01.19

19-11: End of Partial Government Shutdown

Effective with loans delivered on or after February 4, 2019, PennyMac is removing the temporary guidelines associated with the partial government s...

01.30.19

19-10: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

01.18.19

19-09: Fannie Mae LL-2019-02 & Freddie Mac Bul-2019-02: I...

In light of the recent Federal Government shutdown, both Fannie Mae and Freddie Mac, in consultation with FHFA, have jointly provided additional gu...

01.18.19

19-08: Update to the BE Rate Sheet Interest Rate Structure

Conventional 25/30 Yr Fixed: PennyMac will be introducing the 4.990% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort ...

01.17.19

19-07: Freddie Mac Bulletin 2018-21 and -23

PennyMac will be aligning with the updates announced in Freddie Mac’s Bulletin 2018-21 and Bulletin 2018- 23, except as indicated below. Updates in...

01.17.19

19-06: FNMA High LTV/Freddie Mac Enhanced Relief and Remi...

FNMA High LTV and FHLMC Enhanced Relief: PennyMac will not be purchasing Fannie Mae’s High LTV or Freddie Mac’s Enhanced LTV at this time. PennyMac...

01.16.19

19-05: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet.

01.10.19

19-04: Fannie Mae SEL-2018-09; Various Updates

PennyMac will be aligning with the updates announced in Fannie Mae Announcement SEL-2018-09, except as indicated below. Updates include, but are no...