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Announcement 2026-053 Overlay Updates

Announcement 2026-053 Overlay Updates

Overlay Updates

Newrez LLC "Newrez" Approved Correspondent Clients, the below Overlay updates have been added to the applicable Conforming and Government Overlay Matrices.

Conforming Overlay

  • Manufactured Housing
    • 2- 4-unit Manufactured Homes and Multi-Story Manufactured Homes for Primary Residence Purchase and Limited Cash-out Refinance transactions are not permitted at this time. 

Government Overlay

  • VA Manufactured Housing
    • Manufactured Homes previously installed at another site are not permitted
  • USDA
    • Intermediary Companies
      • Intermediary Companies are not eligible in conjunction with USDA financing. Intermediary Companies (IC) are entities that generally provide cash-offer assistance programs for the sale of the borrower’s departing residence and/or the purchase of the borrower’s new residence.
      • An IC may be identified through the purchase agreement or through a separate contract.
      • Examples of Intermediary Companies programs are Homeward, Ribbon Cash Offers, and Zoom Casa.
    • Principal Curtailment
    • A principal curtailment is the application of funds that are used to reduce the unpaid principal balance of the loan. The maximum amount of curtailment cannot exceed $500.