01.11.17
17-01: Hours of Operation for Martin Luther King Jr Day a...
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
12.30.16
16-50: Property Inspection Waiver Fee Discontinued
Effective immediately, PennyMac will discontinue the $75 property inspection waiver (PIW) fee, in conjunction with Fannie Mae's removal of the...
12.23.16
16-49: Updates to FHA and VA Overlays
Effective immediately, for all FHA Streamlines and VA IRRRLs
12.20.16
16-48: FHA ML 2016-20 and VA Circular 26-16-36: 2017 Loan...
Effective with case numbers assigned on or after January 1, 2017, PennyMac is aligning
12.06.16
16-47: Expanded Best Efforts Base Pricing
PennyMac is pleased to announce expansion of the Best Effort grids to include specialized base pricing for loan amounts less than 200K.
12.06.16
16-46: Hours of Operation for 2016 December Holidays
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
12.02.16
16-45: 2017 Conventional Loan Limit Increase
Effective with commitments issued on or after December 5, 2016, PennyMac is aligning with the conforming loan limit increases for standard and hig...
11.25.16
16-44: FNMA 2016-08 and DU Release Notes DU 10.0 December...
For all conforming DU approved loans, PennyMac will be aligning with the updates announced in Fannie Mae SEL 2016-08
11.21.16
16-43: Hours of Operation for Thanksgiving Holiday 2016
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
11.10.16
16-42: Six Month Payment History for All VA IRRRL Transac...
Ginnie Mae is requiring all streamline refinance transactions to have a minimum of six payments prior to refinancing for TBA deliverable Ginnie Ma...
11.03.16
16-41: SRP Grid LLPAs, and Seller's Guide Revision
PennyMac will release new SRP grids effective for all commitments taken on or after Monday, November 14, 2016.
10.12.16
16-40: Disaster Policy Implementation: Hurricane Matthew
FEMA has recently declared 14 counties in North Carolina as eligible for Individual Assistance due to Hurricane Matthew. PennyMac will be requiri...
10.06.16
16-39: Routing Post Purchase Insurance Documents
Routing instructions for communications received from insurance carries for loans already sold to PennyMac.
10.06.16
16-38: Address Change – Hazard and Flood Insurance Mortg...
Effective immediately, PennyMac’s mortgagee clause has been changed.
10.04.16
16-37: Hours of Operation for Columbus Day and Veterans ...
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options: