Announcements - Page 40

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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

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12-36: Compliance Certification Requirement

  • May 21, 2012

Announcement 12-36Effective for loans delivered after June 3rd, PennyMac will begin utilizing seller provided compliance
 certification as evidence of loan compliance. This will more efficiently identify ...

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12-35: Reminder-Property Flips on Conforming Loans

  • May 17, 2012

Announcement 12-35
 Conforming loans on properties that involve a re-sale that occurred within the last 90 days are
 prohibited. Property flip transactions are assessed by the seller's date of acq...

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12-34: Notification Preferences

  • May 14, 2012

To:      All Correspondent Sellers
 From:    Mike Quinn, Managing Director
 We are pleased to announce that Correspondent customers now have the abilit...

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12-33: Loan Delivery Procedures - Reminder

  • May 10, 2012

To:    All Correspondent Sellers
 From: Mike Quinn, Managing DirectorPennyMac would like to remind all correspondent customers of the following requirements set forth in

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12-32: New PO Box Address and Wire Instructions for Account Receivables

  • May 10, 2012

To:   All Correspondent Sellers
 From: Mike Quinn, Managing DirectorPlease be advised that PennyMac has a new mailing address and wire instructions for payment of

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