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Announcement 2018-109 FHA Updates

Based upon an ongoing evaluation of our guidelines, New Penn Financial has updated FHA guidelines to remove or modify current overlays, and add further guidance.

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Announcement# 2018-107: Conforming Loan Limits Update

Starting Monday December 3rd, New Penn Financial will begin supporting the increased conforming loan limits that Fannie Mae and Freddie Mac announced on Tuesday November 27th.

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California Wildfires Update - 11/21/18

As a follow up to the Announcements from November 14, 2018 and November 16, 2018, New Penn Financial continues to monitor the impact from the California Wildfires.

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California Wildfires Updates - 11/16/18

As of November 12, 2018, FEMA had issued a disaster declaration with an incident date of November 8, 2018 for Butte, Los Angeles and Ventura counties in California.

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California Wildfires Impacts

Loans in Butte, Los Angeles and Ventura counties in California.

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USDA Update - 11/7/18

USDA has made many changes to HB-1-3555, Chapter 9: Income Analysis, effective with applications submitted to USDA for Conditional Commitment requests beginning December 15, 2018.

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