Updates are being made to allow the use of short-term rental income through Airbnb on DU scored conventional refinances, along with Freddie Mac and Fannie Mae updates.
Read MoreNewRez published Announcement 2019-026 on April 19, 2019, which temporarily suspended the origination and purchase of new FHA loans that include any down payment assistance from state or local government programs.
Read MoreFHA published FHA ML 2019-06 on April 18, 2019, which clarifies documentation requirements for governmental entities providing down payment assistance to FHA borrowers in order to satisfy a portion or all the borrower’s Minimum Required Investment (MRI).
Read MoreFHA published an update to its Single Family Housing Policy Handbook 4000.1 (SF Handbook) announced in FHA INFO #19-09.
Read MoreEffective immediately NewRez’s Smart Series now has even more financing opportunities for your customers!
Read MoreUpdates to Conventional and Government products effective immediately.
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