Announcements

17-55: New Home Mortgage Disclosure Act (HMDA) Rules

  • November 16, 2017

The following are items requiring implementation under the Home Mortgage Disclosure Act - Regulation C rule changes published by the Consumer Financial protection Bureau (CFPB) which will become effective on January 1, ...

Read More

17-54: Multiple Updates to the Rate Sheet

  • November 14, 2017

Effective for all commitments taken on or after Friday, December 1, 2017, PennyMac will be implementing multiple changes to the rate sheet. 

Read More

17-53: DU Release Notes Frozen Credit

  • November 13, 2017

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 credit bureau to remain frozen.  

Read More

17-52: Freddie Mac 2017-12: Rental Income

  • November 13, 2017

PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-12 regarding rental income and self-employed income changes.

Read More

17-51: Update to Tax Transcript Requirements

  • November 13, 2017

Effective immediately for all Delegated Fannie Mae, Freddie Mac, FHA, and VA programs, PennyMac is no longer requiring tax transcripts for borrowers qualifying solely with W2 wage earner income and/or fixed income repor...

Read More

17-50: Update to Disaster Policy Implementation: California Wildfires FHA Waivers

  • November 13, 2017

FHA requires a post-disaster inspection be completed for all loans secured by properties located in a Presidentially Declared Major Disaster Area (PDMDA) on or after the incident end date as determined by FEMA.

Read More

17-49: Hours of Operation for Thanksgiving 2017

  • November 10, 2017

Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:  

Read More

17-48: Update to Disaster Policy Implementation: California Wildfires

  • October 26, 2017

After additional assessment of the damage from the California wildfires, all cities previously paused have been reinstated and will require a post-disaster property inspection dated on or after October 23, 2017.

Read More

17-47: Update to Conventional SRP Values

  • October 24, 2017

PennyMac will release new Conventional SRP values effective for all commitments taken on or after Monday, October 30, 2017.  

Read More

Revision to Announcement 17-41: Hours of Operation for Columbus Day and Veterans Day Holidays 2017

  • October 20, 2017

This announcement is intended to provide revisions to Announcement 17-41: Hours of Operation for Columbus Day and Veterans Day Holidays 2017.  

Read More

Archive

Sign up to receive email announcements.

When we post new announcements to the site you will receive it in your inbox. Just enter your e-mail address and click sign up.

*The email address entered MUST be a company branded domain. gmail.com, yahoo.com, etc. will not be accepted.