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12.06.18
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
12.04.18
Effective with loan applications submitted to USDA for conditional commitment on or after December 15, 2018, PennyMac is aligning with the updates ...
12.03.18
11.30.18
Effective Friday, December 7th, 2018, PennyMac will be implementing the following updates to the Best Effort rate sheets in accordance with the con...
11.28.18
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each ye...
11.23.18
FEMA has recently declared Butte, Los Angeles, and Ventura counties in California as eligible for Individual Assistance due to the Camp Fire and Wo...
11.14.18
Effective Tuesday, November 27, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below.
11.13.18
11.09.18
For purposes of compliance with Regulation Z, PennyMac will treat Veteran's Day 2018 in accordance with the following rules:
11.08.18
Effective Monday November 12, 2018, Non-Delegated Eligibility Review will be available for VA loans with Best Efforts locks. An executed Non-Delega...
10.29.18
PennyMac is aligning with the updates announced in Freddie Mac’s Bulletin 2018-15 and 2018-16. Changes identified below are included but not limite...
10.23.18
Effective immediately, Ginnie Mae’s seasoning requirements for FHA and USDA streamline or cash-out transactions will be applicable regardless of th...
10.17.18
PennyMac is clarifying the requirements regarding temp buydowns. Please see below for updated requirements indicated in red. Effective Monday, Octo...
10.09.18
Effective Monday, October 22, 2018, PennyMac will be rolling out multiple updates to its Best Effort and AOT/DT rate sheets as noted below. Enterpr...
10.03.18
Effective Monday October 15, 2018, Non-Delegated Eligibility Review will be available for FHA loans with Best Efforts locks. An executed Non-Delega...
