Compliance Requirements

The Consumer Financial Protection Bureau adopted a rule that implements the Ability to Repay and Qualified Mortgage (“ATR/QM”) provisions of the Dodd-Frank Act. The effective date of the ATR/QM rul...

Net Tangible Benefit Requirement for VA Interest Rate Reduction Refinance Loans (IRRRL). PennyMac’s intent and policy is that all loans provide a benefit to the borrower.  Specific to VA...

The information contained in this topic should not be deemed to constitute the provision of legal advice from PennyMac.