Announcement 2026-012 Rescissions & Disbursements for Presidents Day Holiday 2026

Rescissions & Disbursements for Presidents Day Holiday 2026

Newrez LLC "Newrez" Approved Correspondent Clients: please note that Monday, February 16, 2026, is Presidents Day, a federal holiday. Therefore, many banks and the U.S. Postal Service will not be open for business. Newrez will be closed for business.

Monday, February 16, 2026 is a federal holiday; therefore this date must be excluded as a business day when determining the earliest date that settlement may occur from the date the consumer(s) receive the initial Closing Disclosure. For example, if the consumer receives the initial CD on Wednesday, February 11, the earliest date that settlement could occur would be Saturday, February 14. If the consumer receives the initial CD on Thursday, February 12, the earliest date that settlement could occur would be Tuesday, February 17. Similarly, Monday, February 16, 2026, must also be excluded as a business day in counting the seven-business day waiting period from when the initial Loan Estimate was provided to consummation. As a reminder, if the initial Closing Disclosure is received on Monday, February 16, 2026, it cannot be considered received until the next business day, Tuesday, February 17, 2026.

Accordingly, the following rescission dates will apply for loans closed on:

Wire Desk 

Since banks will not operate on Presidents Day the Wire Desk will be unable to process wires on Monday, February 16, 2026.

The Wire Desk will resume normal functions and hours on Tuesday, February 17, 2026.

Bulk Desk

The Bulk Desk will be closed on Monday, February 16, 2026. The Bulk Desk will resume normal functions and hours on Tuesday, February 17, 2026.