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03.20.18
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-02...
03.14.18
PennyMac will make changes to the Conventional LLPAs and will also introduce a 3rd settlement month to the AOT rate sheet.
02.26.18
Effective Monday, March 5th, 2018 PennyMac will be updating Best Effort rate sheet for the Jumbo program.
02.12.18
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2018-01. All updates are effective imme...
01.31.18
Clarification of the Ginnie Mae seasoning requirements previously communicated in announcement 18-03.
01.29.18
Effective with all loans closed on or after June 15, 2018, 2017 tax transcripts will be required per PennyMac’s Tax Transcript Policy...
01.22.18
FEMA has recently declared 4 counties in Southern California as eligible for disaster related Individual Assistance. PennyMac will require post-d...
Effective for all Best Effort and AOT-DT commitments taken on or after January 29, 2018, PennyMac is releasing new SRP grid values and updates to...
01.18.18
Effective immediately, PennyMac is updating its requirements for Employment Commencing After the Note Date to more closely align with Freddie Mac’...
For all DU approved conventional loans, PennyMac is aligning with the updates announced in Fannie Mae SEL 2017-10, including but not limited to th...
01.16.18
Freddie Mac recently extended the required effective dates of their rental income changes to November 2018.
01.10.18
Effective with loans delivered on or after March 2, 2018, PennyMac is aligning with Ginnie Mae’s seasoning requirements for all streamline and cas...
Effective immediately, PennyMac is temporarily suspending transcripts for all household members to validate annual household income.
01.03.18
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
12.26.17
Effective Tuesday, January 2, 2018, the 4.060% interest rate will no longer appear on the PennyMac Rate Sheet for Conventional 25/30 Yr Fixed Prod...