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09.09.16
Effective with ARM Notes issued on or after October 1, 2016, PennyMac is aligning with Fannie Mae and Freddie Mac and will be requiring the use of...
09.02.16
Effective immediately, PennyMac is aligning with FHA and VA’s guidelines regarding properties with outstanding PACE loans.
08.29.16
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
08.16.16
FEMA has recently declared 12 parishes in Louisiana as eligible for Individual Assistance due to severe storms and flooding. In accordance with P...
08.10.16
Effective for all commitments taken on or after Monday, August 22nd , 2016, PennyMac is implementing updates to values in the ‘Conv LLPAs’ and ‘Go...
07.24.16
Over the weekend, a technology update was released to the PennyMac Correspondent Portal. No client facing changes were implemented; however, users...
07.22.16
PennyMac is removing the Mandatory Forward delivery method from its offering of commitment types. Best Effort, AOT/DT and Bulk will NOT be affect...
07.14.16
This announcement is intended to serve as a reminder of PennyMac’s trailing document policy as well as to share best practices for managing traili...
07.08.16
PennyMac is aligning with the updates announced by Fannie Mae in SEL 2016-04 and 2016-05, including but not limited to the following:
06.30.16
Effective immediately, PennyMac is pleased to announce that borrowers may begin employment after close on conforming DU transactions, in accordanc...
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
06.15.16
In accordance with PennyMac’s existing Disaster Policy, PennyMac will be requiring post-disaster inspections for the following counties:
06.09.16
Effective immediately, PennyMac is requiring post disaster inspections for the following counties for properties located in flood zones:
05.25.16
05.24.16
Effective with loan commitments issued on or after June 2, 2016, PennyMac is aligning with USDA Rural Housing’s release of the Streamlined-Assist ...
