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17-63: Disaster Policy Reminder for Southern California Wildfires

  • December 20, 2017

Recently, the Governor of California has declared a State of Emergency in Ventura and Santa Barbara Counties due to wildfires. As a reminder, it is the Correspondent’s responsibility to be aware of and act up...

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17-62: FHA and VA 2018 Loan Limit Increases

  • December 18, 2017

Effective on or after January 1, 2018, PennyMac is aligning with FHA’s increase to the floor and ceiling loan amounts and the VA’s increase to the county loan limits.

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17-61: Updates to Government LLPA tab on Rate Sheet

  • December 15, 2017

Effective for all commitments taken on or after Thursday, December 21st, 2017, PennyMac is implementing updates to values in the ‘Govt LLPAs’ tabs on all rate sheets.  

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17-60: Texas (a)(6) Update

  • December 11, 2017

PennyMac has updated Texas home equity refinance requirements to align with Texas Proposition 2, which passed November 7, 2017.

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17-59: FHMLC Bulletin 2017-23: Student Loan and Contingent Liability Calculation Update

  • December 06, 2017

For all LPA approved conventional loans, PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2017-23.

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17-58: Hours of Operation for December 2017 Holidays

  • December 06, 2017

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

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17-57: 2018 Conventional Loan Limit Increase

  • November 29, 2017

Effective immediately, PennyMac is aligning with the conforming loan limit increases for standard and high balance loans, as announced by Fannie Mae and Freddie Mac.

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17-56: Update to FHA DTI Overlay

  • November 21, 2017

PennyMac's DTI requirements for FHA loans have changed, effective immediately.

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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, ...

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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. 

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