AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, July 27, 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 .

Fraud Risk Management Documentation Requirements for Annual Recertification
Newrez Correspondent, recertification fraud documentation. In 5 days.
Governance framework on use of artificial intelligence and machine learning
Fannie Mae, AI/ML governance framework. In 10 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, conventional best efforts commitments. In 15 days.
Appraisal Transfer Guidelines for Yosemite Jumbo AUS
Newrez Correspondent, loan registrations and rate locks. In 31 days.
Expanded Eligibility and Reduced Credit Score Requirements for Temporary Buydowns
Pennymac Correspondent, temporary buydown program expansions. In 32 days.
MPF Traditional Servicing Updates for Forbearance, Modifications, and Foreclosure
FHLB Chicago MPF, Mandatory compliance with updated loss mitigation provisions. In 36 days.
Revisions to Conventional Loan-Level Price Adjustments
Pennymac Correspondent, conventional best efforts commitments. In 37 days.
Non-QM Underwriting and Eligibility Policy Revisions
Pennymac Correspondent, Updated Non-QM underwriting standards. In 39 days.
Acceptance of VantageScore 4.0 Credit Scoring Model for Conventional Primary Residences
Newrez Correspondent, Adoption of VantageScore 4.0 credit scoring. In 50 days.
Conventional Conforming Loan Limit Increases for 2027
Newrez Correspondent, Commitments locked under expanded conventional limits. In 50 days.
HUD Section 184 Cohort Number Pause and Loan Purchase Criteria
Newrez Correspondent, HUD suspension of Section 184 cohort number requests. In 57 days.
Modifications to Conventional and Jumbo Price Adjustments
Pennymac Correspondent, best efforts commitments under conventional and jumbo schedules. In 58 days.

Review recommended

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

Pennymac Correspondent, Correspondent Announcement 26-80,
Review recommended

Non-QM Guideline Adjustments for Prepayment Penalties, DSCR Criteria, and Reserve Caps

Loan impactNon-QMAssetsCreditUnderwritingSecondary

Applies to: Non-QM loan applications taken on or after July 20, 2026.

What to review: Review updated Non-QM underwriting flexibilities that permit Kansas investment property prepayment penalties, allow landlord experience verification via the loan application REO schedule, accept a DSCR of 1.0 or higher for first-time investors, cap additional financed property reserves at 12 months, and clarify reserve stacking. AWACS interpretation

Effective Jul 20, 2026, by application dateView 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.