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18-26: FNMA SEL 2018-05 and DU Release Notes June 23: Various Topics

  • June 18, 2018

PennyMac is aligning with the various updates in Fannie Mae SEL 2018-05 and DU Release Notes 6.23, with the exception of the HomeStyle Energy Program and all updates pertaining to Manufactured Homes.

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18-25: Hours of Operation for the 4th of July Holiday

  • June 15, 2018

Please note PennyMac's hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment options.

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18-24: VA Circular 26-18-13 Updates to VA Refinance Transactions

  • June 08, 2018

Effective with all loan applications taken on or after May 25, 2018, PennyMac is aligning VA Circular 26-18-13.  All VA IRRRL transactions must meet the requirements in the circular.  

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18-23: Ginnie Mae Seasoning Requirements for VA Loans

  • June 01, 2018

Effective for loans purchased on or after 6/4/2018, PennyMac is aligning with Ginnie Mae’s updates to seasoning on all VA refinance transactions (IRRRL and non-IRRRL).  

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18-22: Updates to Conventional and Jumbo LLPAs

  • May 30, 2018

PennyMac will be making structural changes to the Jumbo LLPA grids, and will be updating the values for the Conventional and Jumbo LLPAs. In addition, the PennyMac Jumbo Guidelines and Product Profile have been updated....

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18-21: PCG Hours of Operation for Memorial Day Holiday 2018

  • May 15, 2018

Please note the hours of operation for Best Effort, Bulk, AOT and DT commitment options.

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18-20: VA Circulars 26-18-6 and 26-18-7: Loans for Alteration and Repairs Construction Financing

  • May 14, 2018

VA recently announced updated guidance on Loans for Alteration and Repairs and Construction to Permanent Home Loans.

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18-19: Freddie Mac Bulletin 2018-05: LTV/TLTV Increase and Various Updates

  • May 04, 2018

PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05.

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18-18: Uniform Closing Dataset (UCD) Requirement Reminder

  • April 20, 2018

Effective with deliveries as of May 1, 2018, PennyMac will begin to require evidence of successful submission of Uniform Closing Dataset (UCD) data to both Fannie Mae and Freddie Mac as a condition of purchase.

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18-17: Updates to Conventional and Jumbo LLPAs

  • April 04, 2018

PennyMac will be making various updates to the LLPAs for Conventional and Jumbo programs.

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