Announcements - Page 5
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18-29: Various Topics: HomeOne, FHA Gift Donor Statements...
Freddie Mac recently announced the HomeOne program with LTVs up to 97%. PennyMac will not immediately participate in the HomeOne Option and will co...
18-28: Disaster Policy Implementation: Texas Flooding
FEMA has recently declared two counties in Texas as eligible for Individual Assistance due to severe storms and flooding. In accordance with PennyM...
18-27: VA Refinance of Loans with No Payment History
As a clarification, per Ginnie Mae, loans paid off through a VA refinance must have a payment history in order to meet Ginnie Mae’s seasoning requi...
18-26: FNMA SEL 2018-05 and DU Release Notes June 23: Var...
PennyMac is aligning with the various updates in Fannie Mae SEL 2018-05 and DU Release Notes 6.23, with the exception of the HomeStyle Energy Prog...
18-25: Hours of Operation for the 4th of July Holiday
Please note PennyMac's hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment options.
18-24: VA Circular 26-18-13 Updates to VA Refinance Trans...
Effective with all loan applications taken on or after May 25, 2018, PennyMac is aligning VA Circular 26-18-13. All VA IRRRL transactions must me...
18-23: Ginnie Mae Seasoning Requirements for VA Loans
Effective for loans purchased on or after 6/4/2018, PennyMac is aligning with Ginnie Mae’s updates to seasoning on all VA refinance transactions (...
18-22: Updates to Conventional and Jumbo LLPAs
PennyMac will be making structural changes to the Jumbo LLPA grids, and will be updating the values for the Conventional and Jumbo LLPAs. In addit...
18-21: PCG Hours of Operation for Memorial Day Holiday 2018
Please note the hours of operation for Best Effort, Bulk, AOT and DT commitment options.
18-20: VA Circulars 26-18-6 and 26-18-7: Loans for Altera...
VA recently announced updated guidance on Loans for Alteration and Repairs and Construction to Permanent Home Loans.
18-19: Freddie Mac Bulletin 2018-05: LTV/TLTV Increase an...
PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05.
18-18: Uniform Closing Dataset (UCD) Requirement Reminder
Effective with deliveries as of May 1, 2018, PennyMac will begin to require evidence of successful submission of Uniform Closing Dataset (UCD) dat...
18-17: Updates to Conventional and Jumbo LLPAs
PennyMac will be making various updates to the LLPAs for Conventional and Jumbo programs.
18-15: Hours of Operation for Good Friday Holiday 2018
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
18-16: Universal Loan Identifier (ULI) Can Now be Provide...
Effective immediately sellers may also begin providing individual ULI numbers in their bulk bid tapes.