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10.01.19
Per the Fiscal Year 2020 Commitment Notice released September 12, 2019, funding for the USDA Rural Housing Loan Program will be temporarily unavail...
09.26.19
FHA has recently updated their condo approval requirements. Updates include condo loan level certifications, HUD Review and Approval Process (HRAP)...
Please note the hours of operation for Best Effort, Bulk and Bulk-AOT Commitment Options.
09.20.19
VA High LTV Refinances. As a reminder, VA full doc refinance transactions with LTVs greater than 90% must be delivered to PennyMac by September 30,...
08.30.19
The Governor of Florida has declared a state of emergency for the counties located on the east coast of Florida due to the impending landfall of Hu...
08.23.19
Effective immediately, for all IRRRL transactions PennyMac is aligning with updates to the recoupment calculation announced in VA Circular 26-19-22...
08.20.19
Ginnie Mae recently released APM 19-05, which updated seasoning requirements following Senate Bill S.1749. As a reminder, effective August 1, 2019,...
08.16.19
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options.
19-47: Updates to Conventional Base Pricing Grids: Effective Wednesday, August 21, 2019, PennyMac will be expanding the Conventional Base pricing g...
08.12.19
19-46: Revision to Announcement 19-45 FHA ML 19-11 and Ginnie Mae APM 19-05: Updates to FHA Cash-out Max LTV and VA Full Doc Refi Max LTV
08.07.19
FHA ML 19-11 and Ginnie Mae APM 19-05: Updates to FHA Cash-out Max LTV and VA Full Doc Refi Max LTV
08.02.19
Effective for commitments taken on or after August 5, 2019, PennyMac will add a third bullet point to the Early Payoff Policy in the Delegated and ...
08.01.19
PennyMac is announcing the following updates on VA transactions. All updates are effective immediately.
07.31.19
PennyMac is aligning to the updates in Freddie Mac bulletins 2019-14, 2019-15, and 2019-16. Updates include but are not limited to the following. A...
07.16.19
The effective date of requirement for the addition of the ‘AUS Type’ and ‘Appraisal Waiver Indicator’ fields will be Thursday, July 25, 2019, inste...
