Announcement 2026-047 Government Guideline Updates
Government Guideline Updates
Newrez LLC "Newrez" Approved Correspondent Clients, Newrez has updated the Government guides for FHA and VA loans.
Government Guideline Updates
VA Circular 26-24-19 – Invoice Requirements for Itemized Fees and Charges and Updates to the State Fees and Charges Deviation List.
The purpose of this circular is to clarify when lenders are to provide invoices and/or supporting documents to the VA to support itemized fees and charges that are charged to or paid by a Veteran obtaining a VA-guaranteed loan.
FHA Policy Clarifications: Date used to determine if a P&L and Balance Sheet are required.
With the adoption of the 4000.1 Handbook as the source for underwriting guidelines, the following content in the archived Newrez guide was incorrect. For clarification, the dates used to determine if a P&L and Balance Sheet are required incorrectly stated “if more than a calendar quarter has elapsed since the date of most recent calendar or fiscal year-end tax return was “filed”.
FHA Handbook correctly states: The Mortgagee must obtain a year-to-date Profit and Loss statement and balance sheet if more than a calendar quarter has elapsed since the date of the most recent calendar or fiscal year-end tax period.
FHA Summary Updates:
Added to All FHA summaries - Eligible Borrowers – Citizens of a U.S. Possession or Territory to align with the guidelines and overlay matrix.
USDA Summary Updates:
No guideline updates
Government Overlay Matrix:
The Government Overlay Matrix has been updated to include additional overlays that align with the FHA, VA and USDA Product Summaries and Guidelines. Refer to the Overlay Document for complete details.