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California Wildfires Update - 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

Closing and funding of loans in Butte, Los Angeles and Ventura counties in CA.

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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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Hurricane Michael Updates - 11/6/18

FEMA has now issued an incident period end date for Hurricane Michael in Georgia.

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Disaster Policy Update

Effective immediately, New Penn Financial has updated the Disaster Policy for FEMA declared disasters.

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Conventional Updates - 10/29/18

Effective with new registrations and pipeline loans on Monday, October 29, 2018, New Penn Financial is making certain updates where applicable to our Conventional, HomeReady®, Home Possible®, LMI, DURP and LPOA guidelines as noted below.

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