Announcement 2020-041: Correspondent Attestation

Correspondent forbearance attestation

NewRez will not purchase any loan where the borrower is actively seeking forbearance, or any loan that is in an active forbearance status.

Effective with all loans delivered for purchase as of April 3, 2020, all Correspondents must provide an attestation signed by an authorized agent of the company attesting that the borrower(s) have not requested or been granted a forbearance of any mortgage debt obligation.

A sample Forbearance Attestation is available in the Client Library, in Forms, or the Correspondent may use their own form.

Please contact your Regional Sales Manager with any questions.