The following product guideline updates are effective immediately for new applications and locks as of June 16, 2020.
Read MoreNewRez will be aligning with Fannie Mae Lender Letters LL-2020-03 and LL-2020-04 Freddie Mac Bulletin 2020-23 in extending the temporary underwriting and appraisal policies previously announced for application dates through July 31, 2020.
Read MoreNewRez Announcements 2020-026 and 2020-048 addressed the adoption of flexibilities for conventional conforming loans due to the inability of an appraiser to perform an interior inspection due to COVID-19.
Read MoreThe following temporary updates are effective for loan applications on or after June 2, 2020 and remain in effect until further notice.
Read More