Announcements - Page 5

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04.20.18

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...

04.04.18

18-17: Updates to Conventional and Jumbo LLPAs

PennyMac will be making various updates to the LLPAs for Conventional and Jumbo programs.

03.22.18

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.

03.22.18

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: 

03.20.18

18-14: FNMA SEL 18-02 Updates to the HomeStyle Program

For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-02...

03.14.18

18-13: PCG Updates to Conv LLPAs and AOT 3rd Settlement M...

PennyMac will make changes to the Conventional LLPAs and will also introduce a 3rd settlement month to the AOT rate sheet.

02.26.18

18-12: Updates to PennyMac Jumbo Program

Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.

02.12.18

18-11: FNMA 2018-01: Various Topics

For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-01.  All updates are effective imme...

02.01.18

18-10: Clarification of GNMA APM 17-06

Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.

01.29.18

18-09: Reminder Regarding 2017 Tax Transcript

Effective with all loans closed on or after June 15, 2018, 2017 tax transcripts will be required per PennyMac’s Tax Transcript Policy...

01.22.18

18-08: Disaster Policy Implementation- Southern Californi...

FEMA has recently declared 4 counties in Southern California as eligible for disaster related Individual Assistance.  PennyMac will require post-d...

01.22.18

18-07: Updates to SRP Grids and LLPAs

Effective for all Best Effort and AOT-DT commitments taken  on or after January 29, 2018, PennyMac is releasing new SRP grid values and updates to...

01.18.18

18-06: FHLMC 2017-28: Updates Employment After the Note D...

Effective immediately, PennyMac is updating its requirements for Employment Commencing After the Note Date to more closely align with Freddie Mac’...

01.18.18

18-05: FNMA SEL 2017-10: Title in an LLC and Premium Pricing

For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2017-10, including but not limited to th...

01.16.18

18-04: Extension of Freddie Mac Income Update Effective D...

Freddie Mac recently extended the required effective dates of their rental income changes to November 2018.