Loading...

Announcement 2019-044: Conventional Updates

Effective with new applications as of June 12, 2019, updates have been made to align with agency guidelines.

Read More

Announcement 2019-39: New Product Enhancement – SmartEdge 1-Year Income Documentation

NewRez is pleased to announce an exciting addition to the Smart Series product menu with the introduction of the SmartEdge 1-Year Income option for SmartEdge!

Read More

Announcement 2019-036: Oklahoma Severe Storms, Straight-line Winds, Tornadoes, And Flooding (DR-4438)

On June 1, 2019, FEMA announced a Major Disaster Declaration pertaining to the recent severe storms and flooding in Oklahoma, with an Incident Period of May 7 and ongoing.

Read More

Announcement 2019-027: Down Payment Assistance - FHA Loans

NewRez 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 More

Down Payment Assistance Suspensions - FHA Loans

FHA 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 More