Announcements - Page 4

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01.30.19

19-10: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...

01.18.19

19-09: Fannie Mae LL-2019-02 & Freddie Mac Bul-2019-02: I...

In light of the recent Federal Government shutdown, both Fannie Mae and Freddie Mac, in consultation with FHFA, have jointly provided additional gu...

01.18.19

19-08: Update to the BE Rate Sheet Interest Rate Structure

Conventional 25/30 Yr Fixed: PennyMac will be introducing the 4.990% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort ...

01.17.19

19-07: Freddie Mac Bulletin 2018-21 and -23

PennyMac will be aligning with the updates announced in Freddie Mac’s Bulletin 2018-21 and Bulletin 2018- 23, except as indicated below. Updates in...

01.17.19

19-06: FNMA High LTV/Freddie Mac Enhanced Relief and Remi...

FNMA High LTV and FHLMC Enhanced Relief: PennyMac will not be purchasing Fannie Mae’s High LTV or Freddie Mac’s Enhanced LTV at this time. PennyMac...

01.16.19

19-05: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet.

01.10.19

19-04: Fannie Mae SEL-2018-09; Various Updates

PennyMac will be aligning with the updates announced in Fannie Mae Announcement SEL-2018-09, except as indicated below. Updates include, but are no...

01.10.19

19-03: Updates to Conventional and Government Purchase Sp...

PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT r...

01.08.19

19-02: Reinstatement of Tax Transcript Policy

The IRS has recently announced the reopening of the Income Verification Express Service (IVES), which will allow processing of tax transcript reque...

01.04.19

19-01: Hours of Operation for Martin Luther King Jr. Day ...

Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:

12.24.18

18-63: Federal Government Partial Shutdown 2018

PennyMac is providing the following guidance for issues arising during the partial government shutdown. This guidance is automatically rescinded, a...

12.19.18

18-62: FHA and VA Loan Limit Increase for 2019

FHA: Per FHA ML 2018-11, effective with case numbers assigned on or after January 1, 2019, PennyMac is aligning with FHA’s increase to the floor an...

12.19.18

18-61: Release of PennyMac’s Non-Conforming Non-QM Progra...

Effective January 2nd, 2018, PennyMac is pleased to announce the release of the Non-Conforming Non-QM Loan Program. Highlights of the program include:

12.10.18

18-60: Freddie Mac Bulletin 2018-18, 19, and 23: Updates ...

PennyMac will be aligning with the updates announced in Freddie Mac Bulletin 2018-18, 2018-19, and 2018-23, including but not limited to the below....

12.10.18

18-59: DU RELEASE: Version 10.3

PennyMac is aligning with the updates identified in DU release Version 10.3. Updates include but are not limited to: