Weekly briefing, February 2, 2026

Applies to: National MI-insured primary residence loans (occupancy timing); 2-unit manufactured homes on AUS Affordable loans and the overlay summary are additional non-mandatory changes.

What to review: First review the mandatory, immediately effective change that primary residence borrowers must occupy within 60 days of closing and continue occupancy for one year, then note that the lender may use the expanded AUS Affordable eligibility for 2-unit manufactured homes and the new overlay summary in Section 2.2.1, neither of which is required. AWACS interpretation

Applies to: Home Possible Mortgages that are purchase transactions to very low-income, first-time homebuyer Borrowers, with Settlement Dates from March 1, 2026 through February 28, 2027, that seek the $2,500 VLIP credit.

What to review: No change is mandatory. Start by reviewing whether you may use the extended $2,500 Home Possible VLIP credit on purchase Mortgages with Settlement Dates from March 1, 2026 through February 28, 2027, and check the eligibility, underwriting and ULDD delivery requirements the bulletin states for it. AWACS interpretation