Announcement 2021-010 - Extension of Agency Temporary Guidelines

NewRez will be aligning with Fannie Mae Lender Letters  LL-2021-03 and LL-2021-04

and Freddie Mac Bulletin 2021-7,dated February 10, 2021, in extending the temporary verification of employment and appraisal policies previously announced for application dates through March 31, 2021.

 

All COVID Flexibilities and Restrictions are in the Underwriting Guide in blue.

 

 

For additional information, below are links to Fannie Mae and Freddie Mac Frequently Asked Questions

 

Remember that NewRez is not adopting all flexibilities in the Fannie Mae and Freddie Mac announcements, therefore some guidelines in their announcements and FAQ may not apply.

 

Please reference the NewRez Lending Library for the changes outlined in this announcement.