05.16.16
16-17: TRID Announcements
Reminder that VA published circular 26-16-11 in April of this year and reminder that PennyMac requires the Seller Closing Disclosure to be provide...
04.27.16
16-16: Fannie Mae DU 10.0 Release Notes and SEL 2016-03
PennyMac is announcing updates from Fannie Mae’s DU 10.0 Release Notes and SEL 2016-3.
04.22.16
16-15: VA Circular 26-16-10 Unreimbursed Employee Busine...
Effective immediately, for all VA transactions, PennyMac will be aligning with VA’s policy clarification regarding unreimbursed business expenses ...
04.22.16
16-14: FHA ML 2016-08 Student Loans
Effective immediately for FHA transactions, PennyMac is aligning with FHA’s update regarding the calculation of student loan payments.
04.22.16
16-13: Disaster Policy Implementation due to Flooding in...
Due to the recent flooding in Texas, the Governor of Texas has declared a State of Emergency in nine counties. At this time, PennyMac is requirin...
04.03.16
16-12: Rural Housing Updates to the Technical Handbook
Effective with all conditional commitments issued by USDA on or after March 9, 2016, PennyMac has aligned with the updates to the Rural Housing Tec...
03.21.16
16-11: TILA RESPA Integrated Disclosures (TRID) Updates
Based on recent stipulation trends of loans closed under TRID, PennyMac has created this reminder highlighting specific delivery requirements to h...
03.21.16
16-10: Hours of Operation for Good Friday Holiday 2016
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
03.15.16
16-09: Revision to Announcement 16-06: FHLMC Bulletin 20...
This announcement is intended to provide revisions to Announcement 16-06: FHLMC Bulletin 2016-3: Various Updates.
03.10.16
16-08: FNMA SEL 2016-02 Continuity of Obligation and 201...
Effective immediately, for all DU approved conventional refinance transactions, PennyMac is aligning with Fannie Mae’s removal of Continuity of Ob...
03.10.16
16-07: VA Circular 26-16-8 Water Contamination in Flint,...
In accordance with VA Circular 26-16-8, PennyMac is aligning with VA’s requirements to document all loans secured by properties in Flint, Michigan...
03.10.16
16-06: FHLMC Bulletin 2016-3: Various Updates
PennyMac is aligning with changes announced in Freddie Mac’s Bulletin 2016-3, with the applicable effective date included in each section.
02.01.16
16-05: Fannie Mae SEL 2014-16 and 2015-09: Self-Employed...
Effective with applications taken on or after February 1, 2016, for all DU approved conventional loans, PennyMac is aligning with Fannie Mae’s upd...
01.25.16
16-04: Health and Safety Hazard: Water in Flint, Michigan
Effective immediately for all loan programs requiring an appraisal: For all loans located in Flint, Michigan, the lender must provide documentatio...
01.15.16
16-03: TILA RESPA Integrated Disclosures (TRID) Update
Based on recent stipulation trends of loans closed under TRID, PennyMac has created this reminder highlighting specific delivery requirements to h...