Announcement 2025-056 BorrowSmart Product Suspension

August 21, 2025

Announcement 2025-056 BorrowSmart Product Suspension

Newrez LLC "Newrez" Approved Correspondent Clients; Newrez is suspending the Freddie Mac BorrowSmart Product effective immediately.

Loans that have been locked with Newrez as of August 20, 2025, will be honored. Loans must be purchased by Newrez on or before September 30, 2025.

Lock extensions will not be permitted with this product.