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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
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
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 ...
03.28.19
Effective immediately, PennyMac is aligning with Freddie Mac’s updates announced in Bulletin 2019-4 and 2019-5. Updates include but are not limited...
03.14.19
Effective immediately, PennyMac will align with FHA’s ML 2019-01, and will accept third party verification services. Lenders must include any third...
PennyMac will make updates to the Conventional LLPAs effective for all Best Effort and AOT-DT commitments taken on or after Friday, March 22, 2019,...
03.11.19
PennyMac is pleased to announce the release of Freddie Mac’s HomeOne option. Highlights of the program include:
02.28.19
Effective March 6, 2019, PennyMac will expire the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts and AOT/DT ra...
02.25.19
Effective immediately, PennyMac is pleased to announce the release of the VA Renovation program. Program requirements include:
02.21.19
Revision February 20, 2019: DU and LPA have been updated with the requirements to support VA’s update to cash-out transactions. As such, all loans ...
02.13.19
VA has divided cash-out transactions into two separate categories, Type I and Type II.
02.11.19
PennyMac will be updating the requirements for the “Purchase Special” on the Conventional and Government LLPA tabs of the Best Efforts rate sheet. ...
02.01.19
