Announcements

12-12: Removal of Certain Overlays for Agency and FHA Loans

  • March 08, 2012

Announcement 12-12To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorEffective immediately, PennyMac is pleased to announce the removal of the following overlays:
 Agency ...

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12-11: Revision to Jumbo Hazard Insurance Coverage Requirements

  • March 08, 2012

Announcement 12-11To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorEffective with loan applications as of March 12, 2012, PennyMac revises Jumbo policy as follows:
 ...

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12-10: Clarification of Announcement 12-08 - Collateral Package Delivery

  • February 16, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing Director       Requirements
 Effective March 1, 2012, PennyMac is revising its...

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12-09: 12-08: Collateral Package Delivery Requirements

  • February 16, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 Topics: Property Inspection Waivers; Seasoning Clarification
 PennyMac is pleased to announce t...

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12-08: Collateral Package Delivery Requirements

  • February 09, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorEffective March 1, 2012, PennyMac is revising its Collateral Package Delivery
 Requirements as follows:Co...

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12-07: FHA 15-Year High Balance Mortgages

  • February 08, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorEffective immediately, FHA 15-Year High Balance Mortgages are ineligible for sale to
 PennyMac.
 Pleas...

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12-06: Revision to Tax Transcript Policy

  • January 31, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorEffective with loan applications as of February 6th 2012, PennyMac is revising its Tax
 Transcript policy for ...

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12-05: Revised Pricing Policy Changes Resulting from FHFA Directed Guaranty Fee Increases

  • January 24, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorThis announcement supersedes Announcement 12-03 which announced our pricing policy
 changes resulting from FHFA dir...

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12-04: PennyMac closed in observance of Martin Luther King Jr. Day

  • January 12, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing Director
 PennyMac Correspondent Lending Group will be closed to observe Martin Luther King Jr. Day
 on Monday...

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12-03: Pricing Policy Changes Resulting from FHFA Directed Guaranty Fee Increases

  • January 12, 2012


 To: All Correspondent Sellers
 From: Mike Quinn, Managing DirectorAs directed by the Federal Housing Finance Agency (FHFA), pursuant to the Temporary Payroll
 Tax Cut Cont...

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