Announcements - Page 6

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06.08.18

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...

06.01.18

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 (...

05.30.18

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...

05.15.18

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.

05.14.18

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.

05.04.18

18-19: Freddie Mac Bulletin 2018-05: LTV/TLTV Increase an...

PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05.

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

18-15: Hours of Operation for Good Friday Holiday 2018

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

03.22.18

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.

03.20.18

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.