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12.21.17
For all FHA loans with case numbers assigned on or after January 7, 2018, PennyMac is aligning with FHA’s guidelines and will no longer allow PACE...
12.20.17
Recently, the Governor of California has declared a State of Emergency in Ventura and Santa Barbara Counties due to wildfires. As a reminder, it i...
12.18.17
Effective on or after January 1, 2018, PennyMac is aligning with FHA’s increase to the floor and ceiling loan amounts and the VA’s increase to the...
12.15.17
Effective for all commitments taken on or after Thursday, December 21st, 2017, PennyMac is implementing updates to values in the ‘Govt LLPAs’ tabs...
12.11.17
PennyMac has updated Texas home equity refinance requirements to align with Texas Proposition 2, which passed November 7, 2017.
12.06.17
For all LPA approved conventional loans, PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-23.
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
11.29.17
Effective immediately, PennyMac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie M...
11.21.17
PennyMac's DTI requirements for FHA loans have changed, effective immediately.
11.16.17
The following are items requiring implementation under the Home Mortgage Disclosure Act - Regulation C rule changes published by the Consumer Fina...
11.14.17
Effective for all commitments taken on or after Friday, December 1, 2017, PennyMac will be implementing multiple changes to the rate sheet.
11.13.17
Effective with DU runs on or after the weekend of November 18, PennyMac is aligning with Fannie Mae’s update to DU and will allow no more than one...
PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-12 regarding rental income and self-employed income changes.
Effective immediately for all Delegated Fannie Mae, Freddie Mac, FHA, and VA programs, PennyMac is no longer requiring tax transcripts for borrowe...
FHA requires a post-disaster inspection be completed for all loans secured by properties located in a Presidentially Declared Major Disaster Area ...
