Extension of Agency Temporary Guidelines
NewRez LLC "NewRez" Approved Correspondent Clients: please note that NewRez will be aligning with Fannie Mae Lender Letters LL-2021-03 and LL-2021-04 and Freddie Mac Bulletin 2021-7,dated February 10, 2021, in extending the temporary verification of employment and appraisal policies previously announced for application dates through March 31, 2021.
All COVID Flexibilities and Restrictions are in the Underwriting Guide in blue.
For additional information, below are links to Fannie Mae and Freddie Mac Frequently Asked Questions
Remember that NewRez is not adopting all flexibilities in the Fannie Mae and Freddie Mac announcements, therefore some guidelines in their announcements and FAQ may not apply.