17-45: Disaster Policy Implementation: California Wildfires

  • October 18, 2017

Due to the recent wildfires, the Governor of California has declared a State of Emergency. In accordance with its Disaster Policy, PennyMac may require post-disaster inspections on loans located in areas that susta...

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17-44: FNMA Property Inspection Waivers and FHMLC Appraisal Waivers

  • October 17, 2017

Effective immediately, PennyMac is aligning with Fannie Mae’s and Freddie Mac’s expansion to property inspection waivers and appraisal waivers and will accept PIW or appraisal waiver on all eligible tr...

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17-43: Tax Return Filing Extension due to Hurricanes and Reminder of Transcript Requirements

  • October 13, 2017

The IRS has extended the deadline for tax return filing for individuals and businesses impacted by Hurricanes Harvey and Irma to January 31, 2018.

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17-42: FHLMC Bulletin 2017-20: Various Updates

  • October 13, 2017

PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-20.

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

  • October 03, 2017

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

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17-40: Extension of Mandatory Successful Submission Requirements

  • September 27, 2017

Fannie Mae and Freddie Mac (GSEs) have released a statement indicating Sellers are still expected to adhere to the Uniform Closing Data (UCD) mandate and submit a successful UCD XML file for all loans with notes dated o...

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17-39: Funding for USDA Rural Housing 2018 Fiscal Year

  • September 26, 2017

Update on USDA Rural Housing Loan Program Funding.

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17-38: Uniform Closing Dataset (UCD) Requirements Reminder

  • September 21, 2017

As addressed in PennyMac announcement 17-24, conventional loans with note dates on or after September 25, are required to have submission of the Uniform Closing Dataset (UCD) XML. Successful submission documentatio...

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17-37: Property Inspections for FHA Loans in Florida Hurricane Irma PDMDA

  • September 20, 2017

Effective immediately, PennyMac is aligning with FHA’s waiver and will accept property inspections dated on or after September 19th for all loans secured by properties located in PDMDAs in Florida.  

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17-36: Update to Hurricane Irma: Additional Counties Added

  • September 14, 2017

After additional assessment of Hurricane IRMA damage, additional counties have been added to Individual Assistance.  Counties added in this update are italicized.

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