Announcement 2026-018 Closed End Second Product Eligibility Expansion and Guideline Updates
Closed End Second Product Eligibility Expansion and Guideline Updates
Newrez LLC "Newrez" Approved Correspondent Clients; please note that Tennessee has been added as an eligible state for the Closed End Second Program. All loans must comply with all federal and state requirements, including compliance with any limitations on interest rate caps.
Additional Guideline Updates
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New Guideline Policies |
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Ineligible First Mortgage: Loans with a deferred balance due to forbearance or modification are ineligible |