Announcements - Page 3

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03.22.18

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.

03.22.18

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: 

03.20.18

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...

03.14.18

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.

02.26.18

18-12: Updates to PennyMac Jumbo Program

Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.

02.12.18

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...

02.01.18

18-10: Clarification of GNMA APM 17-06

Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.

01.29.18

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...

01.22.18

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...

01.22.18

18-07: Updates to SRP Grids and LLPAs

Effective for all Best Effort and AOT-DT commitments taken  on or after January 29, 2018, PennyMac is releasing new SRP grid values and updates to...

01.18.18

18-06: FHLMC 2017-28: Updates Employment After the Note D...

Effective immediately, PennyMac is updating its requirements for Employment Commencing After the Note Date to more closely align with Freddie Mac’...

01.18.18

18-05: FNMA SEL 2017-10: Title in an LLC and Premium Pricing

For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2017-10, including but not limited to th...

01.16.18

18-04: Extension of Freddie Mac Income Update Effective D...

Freddie Mac recently extended the required effective dates of their rental income changes to November 2018.

01.10.18

18-03: GNMA APM 17-06 Updates to Seasoning Requirements f...

Effective with loans delivered on or after March 2, 2018, PennyMac is aligning with Ginnie Mae’s seasoning requirements for all streamline and cas...

01.10.18

18-01: Temporary Update to Rural Housing Transcript Requi...

Effective immediately, PennyMac is temporarily suspending transcripts for all household members to validate annual household income.