AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, May 4, 2026

Updates published to for Conventional. Built from published records only.

Action required, new this week

Required changes published this week.

No new required changes this week.

Coming into effect in the next 60 days

Effective dates from .

Investment and Second Home LLPA Improvements
Pennymac Correspondent, pricing enhancements on investment and second home commitments. In 0 days.
Non-QM DSCR Underwriting Flexibilities
Pennymac Correspondent, Non-QM DSCR transactions. In 4 days.
National MI extends construction-to-permanent commitment period from 12 to 18 months
National MI, 18-month construction to permanent commitment period. In 33 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, Best efforts commitments locked on or after the specified date. In 50 days.

Review recommended

New guidance, clarifications, flexibilities, overlays and insurer positions.

Pennymac Correspondent, Correspondent Announcement 26-47,
Review recommended

Investment and Second Home LLPA Improvements

Loan impactConventionalDeliverySecondary

Applies to: Conventional loans secured by second homes or investment properties locked under best efforts commitments.

What to review: Review the improved loan-level price adjustment schedule for conventional second home and investment property commitments effective 2026-05-04. AWACS interpretation

Effective May 4, 2026View affected requirements →
Pennymac Correspondent, Announcement 26-45,
Review recommended

Adjustments to Non-QM Loan-Level Price Adjustments

Loan impactNon-QMDeliverySecondary

Applies to: Non-QM loans locked under best efforts commitments on or after the effective date.

What to review: Review the enhanced loan-level price adjustment grids to identify pricing updates across eligible full and alternate documentation Non-QM loans. AWACS interpretation

Effective Apr 30, 2026View affected requirements →

Threads that moved

Topics more than one source has acted on, with a new update this week.

No thread moved this week.

Data releases

Data releases and announcements with no direct requirement.