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05.02.17
Effective immediately PennyMac is pleased to announce alignment with the following topics from Fannie Mae’s recent announcement SEL 2017-04.
04.26.17
Effective immediately, PennyMac is aligning with Rural Housing’s update to NTB definition and policy regarding hazard insurance deductibles.
PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-2 and 2017-3.
04.21.17
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options for the Memorial Day Holiday 2017.
Changes are being made to the requirements surrounding Work Number in lieu of Tax Transcripts and 2016 Tax Transcripts timing. Also, a reminder ab...
PennyMac has seen a recent trend involving intra-family purchases as a means to obtain cash-out for the seller while avoiding cash-out qualificati...
04.04.17
Effective for all commitments taken on or after Thursday, April 6th, 2017, PennyMac is implementing updates to the Conventional LLPA for Best Effo...
03.27.17
PennyMac is pleased to announce the removal of price caps on Conventional and Government Best Effort loans, for new commitments taken on or after ...
03.21.17
PennyMac will revise SRP grids effective for all commitments taken on or after Monday, April 3, 2017. PennyMac is aligning the SRP grid header to ...
03.08.17
Effective immediately for Freddie Mac loans, PennyMac will align with Freddie Mac’s updates to income and assets as announced in Freddie Mac Bulle...
03.06.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, the following overlay updates are effective with commitme...
02.27.17
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
02.23.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, effective Tuesday, February 28, 2017, PennyMac is updatin...
02.13.17
In PennyMac’s continuing effort to ensure guidelines support current lending conditions, effective immediately, PennyMac is updating overlays for ...
02.02.17
Effective immediately, PennyMac is aligning with VA’s student loan payment calculation requirement, and Lenders may begin using VA’s updated guide...
