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06.20.19
Effective with case numbers assigned on or after June 17, 2019, PennyMac is aligning with FHA’s updates to Building On Own Land (BOOL).
PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2019-9, 2019-11 and Fannie Mae’s DU Release Notes 10.3 July Update, excluding...
06.18.19
FEMA has recently declared several states in the Midwest as eligible for Individual Assistance, and several governors have issued states of emergen...
06.07.19
Effective with new loans submitted to DU on or after July 20, 2019, PennyMac is aligning with the updates announced by Fannie Mae in Lender Letter ...
Effective for Non-Delegated commitments taken on or after Monday, June 10, 2019, the Underwriting Fees will be as follows:
05.24.19
In PennyMac’s continuing effort to align program requirements and market risk, the following overlays are being updated effective immediately.
05.14.19
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
PennyMac is pleased to announce the release of the Fannie Mae Single Close Construction loan program. Program requirements include:
05.08.19
VA has recently released updates to several chapters of the VA Lender’s Handbook. Effective dates for each chapter can be found in VA Transmittal s...
04.23.19
Effective Tuesday, May 7, 2019, PennyMac will be updating the Best Effort rate sheet to include new base pricing grids for VA Renovation loans. Thi...
04.19.19
PennyMac is aligning with the updates in Freddie Mac Bulletin 2019-7, including but not limited to the following. Effective dates are included below.
04.16.19
Ginnie Mae recently provided clarification regarding the applicability of seasoning requirements for VA loans.
04.10.19
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, April 19, 2019,...
04.08.19
04.04.19
Fannie Mae recently provided clarification stating borrowers are considered legally present in the US if the borrower has a Social Security Number ...
