AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, June 1, 2026

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

Action required, new this week

Required changes published this week.

FHLB Chicago MPF, Announcement MPF Announcement 2026-34,
Action required

MPF Traditional Servicing Updates for Forbearance, Modifications, and Foreclosure

Loan impactAll programsServicing

Applies to: Mortgages serviced under the MPF Traditional program undergoing forbearance, disaster loan modifications, or foreclosure actions.

What to review: Review the mandatory loss mitigation updates effective September 1, 2026, focusing on approval requirements for disaster-related foreclosures and three-month forbearance increments before considering the relaxed modification eligibility criteria. AWACS interpretation

Effective Sep 1, 2026; other items nowView affected requirements →

Coming into effect in the next 60 days

Effective dates from .

National MI extends construction-to-permanent commitment period from 12 to 18 months
National MI, 18-month construction to permanent commitment period. In 5 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, Best efforts commitments locked on or after the specified date. In 22 days.
Non-QM Guideline Adjustments for Prepayment Penalties, DSCR Criteria, and Reserve Caps
Pennymac Correspondent, Non-QM underwriting guideline adjustments. In 49 days.

Review recommended

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

Nothing to review this week.

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.