AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, July 20, 2026

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

Action required, new this week

Required changes published this week.

Carrington Correspondent, Investor Announcement New Non-QM Investment Property Loan LLC Personal Guaranty Form (2026-07-15),
Action required

LLC Personal Guaranty Requirement for Non-QM Investment Loans

Loan impactNon-QMProperty eligibilityProductsUnderwritingClosing

Applies to: Non-QM investment property transactions vesting in an LLC under designated Advantage product lines.

What to review: Review the mandatory requirement to obtain an executed personal guaranty document in closing files for LLC-vested Non-QM investment property loans effective July 15, 2026. AWACS interpretation

Effective Jul 15, 2026View affected requirements →

Coming into effect in the next 60 days

Effective dates from .

Non-QM Guideline Adjustments for Prepayment Penalties, DSCR Criteria, and Reserve Caps
Pennymac Correspondent, Non-QM underwriting guideline adjustments. In 0 days.
Fraud Risk Management Documentation Requirements for Annual Recertification
Newrez Correspondent, recertification fraud documentation. In 12 days.
RON Audit Trail Mandate, Product Adjustments, and Credit Policy Updates
Lakeview Correspondent, condominium review eligibility restrictions. In 14 days.
RON Audit Trail Mandate, Product Adjustments, and Credit Policy Updates
Lakeview Correspondent, electronic notarization audit log delivery. In 14 days.
Governance framework on use of artificial intelligence and machine learning
Fannie Mae, AI/ML governance framework. In 17 days.
Introduction of Jumbo 30-Year Fixed Program Over 80 Percent LTV
Pennymac Correspondent, Jumbo 30-year fixed product grid availability. In 18 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, conventional best efforts commitments. In 22 days.
Conventional Loan-Level Price Adjustment Revisions
Pennymac Correspondent, best efforts commitments. In 36 days.
Appraisal Transfer Guidelines for Yosemite Jumbo AUS
Newrez Correspondent, loan registrations and rate locks. In 38 days.
Expanded Eligibility and Reduced Credit Score Requirements for Temporary Buydowns
Pennymac Correspondent, temporary buydown program expansions. In 39 days.
MPF Traditional Servicing Updates for Forbearance, Modifications, and Foreclosure
FHLB Chicago MPF, Mandatory compliance with updated loss mitigation provisions. In 43 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, conventional best efforts commitments. In 44 days.
Non-QM Underwriting and Eligibility Policy Revisions
Pennymac Correspondent, Updated Non-QM underwriting standards. In 46 days.
Secondary Market Policy Updates on Temporary Buydowns, Note Delivery Methods, and Collateral Review Rules
Lakeview Correspondent, manual underwriting options for Louisiana Housing Corporation bond loans. In 51 days.
Secondary Market Policy Updates on Temporary Buydowns, Note Delivery Methods, and Collateral Review Rules
Lakeview Correspondent, valuation reviews on non-agency jumbo transactions. In 51 days.
Acceptance of VantageScore 4.0 Credit Scoring Model for Conventional Primary Residences
Newrez Correspondent, Adoption of VantageScore 4.0 credit scoring. In 57 days.
Conventional Conforming Loan Limit Increases for 2027
Newrez Correspondent, Commitments locked under expanded conventional limits. In 57 days.
Higher Conforming Loan Limits and Updated Pricing Grids for Conventional Mortgages
Pennymac Correspondent, Conventional loan level price adjustments. In 58 days.
Higher Conforming Loan Limits and Updated Pricing Grids for Conventional Mortgages
Pennymac Correspondent, Higher conventional conforming loan limits. In 58 days.

Review recommended

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

Pennymac Correspondent, Announcement 26-78,
Review recommended

Removal of Temporary Buydown Fee Adjustment for Conventional Loans

Loan impactConventionalProductsSecondary

Applies to: Conventional mortgages locked under best-efforts commitments.

What to review: Review the elimination of the loan-level price adjustment on conventional loans featuring temporary interest rate buydowns for best-efforts commitments taken on or after July 14, 2026. AWACS interpretation

Effective Jul 14, 2026

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.