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11.09.18
For purposes of compliance with Regulation Z, PennyMac will treat Veteran's Day 2018 in accordance with the following rules:
11.08.18
Effective Monday November 12, 2018, Non-Delegated Eligibility Review will be available for VA loans with Best Efforts locks. An executed Non-Delega...
10.29.18
PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-15 and 2018-16. Changes identified below are included but not limite...
10.23.18
Effective immediately, Ginnie Mae’s seasoning requirements for FHA and USDA streamline or cash-out transactions will be applicable regardless of th...
10.17.18
PennyMac is clarifying the requirements regarding temp buydowns. Please see below for updated requirements indicated in red. Effective Monday, Octo...
10.09.18
Effective Monday, October 22, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below. Enterpr...
10.03.18
Effective Monday October 15, 2018, Non-Delegated Eligibility Review will be available for FHA loans with Best Efforts locks. An executed Non-Delega...
09.28.18
PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-12 and 2018-13. Changes include but are not limited to the below. Ef...
PennyMac has updated the post-disaster inspection requirements for properties located in the below counties. At this time, all disaster impacted co...
09.27.18
Per the Fiscal Year 2019 Commitment Notice released September 17, 2018, funding for the USDA Rural Housing Loan Program will not be available for a...
09.25.18
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
09.21.18
Updates to Conventional LLPAs: PennyMac will update values on the 25-Year Fixed Conventional LLPA by Product Feature effective for all Best Effort ...
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
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
Due to Hurricane Florence, the Governors of North Carolina, South Carolina, and Virginia have pre- emptively declared a State of Emergency in coast...
