Announcements - Page 39

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12-46: Reminder: Private Transfer Fee Covenants Restriction

  • July 20, 2012

Announcement 12-46
 As announced by Fannie Mae in SEL-2012-05, PennyMac will require compliance with the
 following Fannie Mae directive:
 On March 16, 2012, the Federal Housing Finan...

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12-45: Hours of Operation, Tuesday, July 3, 2012

  • June 28, 2012

Announcement 12-45To: All Correspondent SellersPlease note the hours of operation, for Best Effort Lock-In and Mandatory Commitment
 Options, for Tuesday, July 3, 2012.
   ...

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12-44: Jumbo program changes

  • June 28, 2012

Announcement 12-44To: All Correspondent SellersPennyMac has announced enhancements to our Jumbo loan program. Effective with
 rate sheets distributed June 27, 2012, you can find:  &nbs...

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12-43: High balance base pricing added to rate sheets

  • June 28, 2012

Announcement 12-43To: All Correspondent SellersTo help make it easier to price loans with PennyMac, we will be adding a base price grid
 for High Balance loans. The grid will be displayed by not...

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12-42: FHA - Rescission of Disputed Accounts, Collection Accounts and Judgments

  • June 22, 2012

Announcement 12-42To: All Correspondent SellersPolicyIn accordance with ML 2012-10, PennyMac is rescinding the new guidance on the
 following topics in ML 2012-03, which were to become effective July...

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12-41: Government FICO Adjusters; Streamline Refinance changes

  • June 22, 2012

Announcement 12-41
 Effective for Commitments issued on or after July 9th, 2012, the following will apply:1) The Government Pricing rate sheet will be updated as follows:     ...

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12-40: Expansion to FHA Streamline Refinance

  • June 14, 2012

Announcement 12-40
 Effective immediately, PennyMac expands the FHA Streamline Refinance Program as follows:
         Currently, the LTV/CLTV maximum for ow...

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12-39: Update to Jumbo Program Guidelines

  • June 07, 2012

Announcement 12-39
        Reminder to FHA MIP changes
 Jumbo Program
 Currently, business assets are not eligible for funds to close or reserves. With t...

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12-38: Update to Jumbo Soft Market Designator

  • May 24, 2012

Announcement 12-38
        Reminder to Public Assistance Income, Mortgage Credit Certificates and FHA No Cash Out Limitation
 Jumbo Soft Market Designator
 A ...

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12-37: Hours of Operation for Friday, May 25th and Monday, May 28th, 2012

  • May 23, 2012

Announcement 12-37
 Please note the hours of operations, for Best Effort Lock-In and Mandatory Commitment
 Options:
             &nbs...

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