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Announcement 2026-018 Closed End Second Product Eligibility Expansion and Guideline Updates

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

New Guideline Policies

Ineligible First Mortgage:

Loans with a deferred balance due to forbearance or modification are ineligible