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04.16.15
In light of recent market trends and lender inquiries, Freddie Mac revised certain condo requirements. Effective immediately, PennyMac is alignin...
04.15.15
Effective immediately, PennyMac is aligning with Fannie Mae’s updates to student loans and solar panels, as announced SEL 2014-16, for conforming ...
04.14.15
Effective immediately, the hazard and flood insurance mortgagee clause has been updated for loans sold to PennyMac Correspondent Group.
04.01.15
Reminder for UCDP and SSR and information regarding Fannie Mae Collateral Underwriter.
03.30.15
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
03.16.15
As a reminder, the last day to deliver DU 9.1 1-unit, owner-occupied, cash-out transactions with LTV/CLTV/HCLTVs exceeding 80% is April 15, 2015, ...
Effective with loan commitments taken on or after Monday, March 23, 2015, PennyMac is pleased to announce the following changes to government loan...
03.05.15
Effective immediately, CRT Capital Group LLC is now removed from the list of acceptable Broker Dealers in the Assignment of Trade (AOT) commitment...
02.26.15
Currently, the LTV Plus program is limited to a maximum loan amount of $750,000. Effective Monday, March 2, 2015, PennyMac is pleased to announce...
02.25.15
As a reminder, a power of attorney on Conventional loans using Desktop Underwriting or on Jumbo loans must reference the subject property address ...
02.23.15
Effective with loan commitments taken on or after Wednesday, February 25, 2015 PennyMac is pleased to announce the following changes to government...
02.13.15
As a reminder, when delivering loans to PennyMac, Lenders rep and warrant that individual loans comply with all applicable laws, including any loc...
02.09.15
Lenders that sell mortgage loans secured by units in a condo project are expected to have staff that are knowledgeable about and qualified to eval...
01.23.15
Previously, PennyMac required a current market value, as demonstrated by an Automated Value Model (AVM) or drive by appraisal (2055E or 1075), to ...
01.12.15
This announcement is intended to provide further clarity regarding Announcement 14-63 regarding FHA and VA ARM Look-Back Periods. See the attache...