1. Newrez Correspondent will be closed on Monday, September 7, 2026, in observance of Labor Day, and will resume normal business hours on Tuesday, September 8. Clients can still lock Best Effort Commitments via our client portal.

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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.