Announcements - Page 6

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09.14.17

17-36: Update to Hurricane Irma: Additional Counties Added

After additional assessment of Hurricane IRMA damage, additional counties have been added to Individual Assistance.  Counties added in this update...

09.12.17

17-35: Disaster Policy Implementation: Florida and Hurric...

In accordance with PennyMac’s disaster policy, the following counties will require a post-disaster inspection dated on or after September 11, 2017...

09.11.17

17-34: Tampa, FL Office Re-Opening and Update to Hurrican...

PennyMac’s Tampa, FL operation facility has regained power and will be open Tuesday September 12th.  In addition, PennyMac will begin accepting po...

09.11.17

17-33: Tampa, FL Office Closure Update

PennyMac's Tampa operations facility is closed today (Monday, 9/11/17) due to Hurricane Irma, and it will reopen as soon as power is restablis...

09.08.17

17-32: Tampa, FL Office Closure due to Hurricane Irma

Due to Hurricane Irma, PennyMac's Tampa Operations Center is closing early today, September 8, 2017, and will likely be closed Monday, Septemb...

09.06.17

17-31: Fundings Paused Due to Hurricane Irma

Hurricane Irma is projected to make landfall in Florida the weekend of September 9th and widespread damage is expected.  As a preemptive measure t...

09.01.17

17-30: Update to Texas Hurricane Harvey Requirements

Properties located in counties declared eligible for FEMA Individual Assistance will require a post-disaster inspection dated on or after August 3...

08.29.17

17-29: Disaster Policy Implementation: Texas Hurricane Ha...

Hurricane Harvey has brought catastrophic wind, rain and flooding to Southeast Texas.  In response, FEMA has declared 18 counties in Texas as elig...

08.22.17

17-28: Update to the BE Rate Sheet Interest Rate Structure

PennyMac is pleased to announce the addition of the 4.060% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort rate shee...

08.10.17

17-27: FNMA SEL 2017-06: Various Topics

PennyMac is aligning with the updates announced in Fannie Mae Announcement 2017-06.

08.10.17

17-26: Hours of Operation for Labor Day Holiday

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

08.02.17

17-25: Student Loan Refinance Program and ARM LTV Increases

PennyMac is pleased to announce that the cash-out LLPA can now be waived on loans using Fannie Mae's Student Refinance program. In addition, P...

07.07.17

17-24: Uniform Closing Dataset Requirements

PennyMac will require that Correspondents submit Uniform Closing Dataset (UCD) files to both GSEs and provide evidence of a successful submission ...

06.26.17

17-23: FHLMC Bulletin 2017-7 and 2017-8

PennyMac is aligning with the updates announced in Freddie Mac Bulletins 2017-7 and 2017-8.

06.16.17

17-22: Payment and Amort Policy Update

Beginning in July, PennyMac is updating the Principal Balance Purchased - Payment Amortization Policy.