Announcements - Page 39

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12-66: Mandatory Desk Closing at 9:00 a.m., Monday, October 29, 2012

  • October 29, 2012

Announcement 12-66To:     All Correspondent SellersThe Mandatory Desk will close at 9:00 a.m. PDT this morning due to the inclement
 weather in New York.You may continue to lock Best E...

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12-65: Commitment Policy Update - Commingling in Mandatory Forward Commitments

  • October 24, 2012

Announcement 12-65To:      All Correspondent Sellersand Pair-off Penalty FeesThe Commitment Policy is hereby amended to include clarification on the commingling
 of certain products in...

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12-64: AUS Approval Requirements and Disputed Accounts

  • October 23, 2012

Announcement 12-64PennyMac purchases loans that contain properly completed and accurate AUS
 certificates reflecting "Accept" or "Approve/Eligible".
 Upon delivery the loan file must include ...

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12-63: 2011 Tax Returns Clarification

  • October 19, 2012

Announcement 12-63When tax returns are required by the AUS (or Fannie Mae/FHA), PennyMac requires
 Clients to utilize the most recent year's tax returns when underwriting loans. As of
 Octobe...

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12-62: Desktop Underwriter (DU) Version 9.0 Eligibility Matrix Updates

  • October 19, 2012

Announcement 12-62
 During the weekend of October 20, 2012, Fannie Mae will implement Desktop
 Underwriter (DU) Version 9.0. This release will apply to new loan case files submitted...

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12-61: Purchases for October 8, 2012 and Payment/Curtailment addresses

  • October 05, 2012

Announcement 12-61To:      All Correspondent Sellers   1. PennyMac will be open on Monday, October 8, 2012, a recognized Federal
    &...

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12-60: FNMA DURP Cumulative LLPA Cap and Hours of Operations, October 8, 2012

  • October 02, 2012

Announcement 12-60To:     All Correspondent Sellers   1. Please be advised that the cap for the FNMA DURP loan level price adjustments, as
     ...

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12-59: Change to Trailing Document Policy

  • September 28, 2012

Announcement 12-59To:      All Correspondent SellersThe following language will apply to all loans purchased on or after October 1, 2012.
 1. The "Final Documentation"&n...

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12-58: DU Refi Plus Launch

  • September 26, 2012

Announcement 12-58
 PennyMac is pleased to announce the launch of the Fannie Mae DU Refi Plus Program,
 effective with commitments issued on or after October 1, 2012.
 Some highlights of the pr...

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12-57: Streamline Refinance Price Adjustment

  • September 25, 2012

Announcement 12-57To:     All Correspondent SellersEffective October 1, 2012, the StreamLine Refinance Price Adjustment will change from
 -0.2500 to -0.3750 on both the Best ...

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