Announcement addressing Fannie Mae and Freddie Mac's update to their AUS systems.
Announcement 2019-006 addressed the upcoming VA Cash-Out changes announced in VA Circular 26-18-30, effective with new applications on or after February 15, 2019. This announcement serves as a reminder and adds additional detail.
Effective immediately for new applications and loans locked today, February 13, 2019, NewRez is updating the Dream Big product to align with the investor’s requirements.
The changes will be effective with new applications on or after February 15, 2019.