AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, July 6, 2026

Updates published to for Conventional, FHA, VA. Built from published records only.

Action required, new this week

Required changes published this week.

Pennymac Correspondent, Correspondent Announcement 26-76,
Action required

Property Insurance and Deductible Standards for Project Units

Loan impactConventionalJumboNon-QMEligibilityUnderwritingCompliance

Applies to: Conventional, AUS Jumbo, and Non-QM loans secured by units in project developments.

What to review: Review the mandatory HO-6 property insurance coverage requirements for jumbo and non-QM project unit loans with application dates on or after 2026-07-01 where master policies omit interior elements or include unit deductibles. AWACS interpretation

Effective Jul 1, 2026, by application dateView affected requirements →

Coming into effect in the next 60 days

Effective dates from .

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Non-QM Guideline Adjustments for Prepayment Penalties, DSCR Criteria, and Reserve Caps
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Fraud Risk Management Documentation Requirements for Annual Recertification
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RON Audit Trail Mandate, Product Adjustments, and Credit Policy Updates
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Pennymac Correspondent, Jumbo 30-year fixed product grid availability. In 32 days.
Revisions to Conventional Loan-Level Price Adjustments
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Conventional Loan-Level Price Adjustment Revisions
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Expanded Eligibility and Reduced Credit Score Requirements for Temporary Buydowns
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MPF Traditional Servicing Updates for Forbearance, Modifications, and Foreclosure
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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.

No data releases this week.