Announcements

12-30: Early Payoff and Government Price Adjustments changes

  • April 25, 2012

Announcement 12-30To:      All Correspondent Sellers
 From: Mike Quinn, Managing Director      1. Penny will be amending the definition of ...

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12-29: Loans for properties located in North Carolina are eligible for sale to

  • April 24, 2012


 To: All Correspondent Sellers
 From: Michael Quinn, Managing DirectorPennyMac
 We are pleased to announce that loans for properties located in North Carolina are now
 eligib...

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12-28: Revision to Policy for Properties with Additions

  • April 19, 2012

Announcement 12-28To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 PennyMac is revising its policy for properties with "unpermitted" additions or square
 ...

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12-27: Clarification on Best Efforts Commitment Options

  • April 19, 2012

To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 To clarify Announcement 12-23, we have amended the Best Efforts Commitment Options
 section of the Sellers Gui...

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12-26: 12-25: Update to Mandatory and Bulk Pair-Off

  • April 19, 2012

To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 On March 23rd, 2012, Penny Mac published Announcement 12-16 which set forth the
 delivery requirements re...

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12-25: Update to Mandatory and Bulk Pair-Off

  • April 19, 2012

To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 The Mandatory and Bulk Pair-Off section of the Sellers Guide will be amended to
 incorporate the following language...

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12-24: Update -- FHA Miscellaneous Underwriting Issues

  • April 12, 2012

Announcement 12-24To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 In accordance with the update to Mortgagee Letter (ML) 2012-03, PennyMac will delay
&nb...

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12-23: Update to Best Efforts Commitment Options

  • April 11, 2012

To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 Effective April 12, 2012, the Best Efforts Commitment Options section of the Sellers Guide will
 be amend...

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12-22: Hours of Operation, Friday, April 6, 2012

  • April 05, 2012

To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorPlease note the hours of operations, for Best Effort Lock-In and Mandatory Commitment
 Options, for Friday, Ap...

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12-21: Clarification to Tax Transcript Policy

  • April 05, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorTax transcripts are required for each borrower whose income is utilized as a source of
 repayment. The mo...

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