AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, October 26, 2026

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

Action required, new this week

Required changes published this week.

CSBS, Press Release State Supervisors Advise Licensees to Plan Ahead for NMLS Annual Renewal,
Action required

NMLS annual renewal: licensees must complete updated disclosure questions and employment reporting first

Loan impactAll programsLicensingCompliance

Applies to: Applies to NMLS state licensees, including mortgage loan originators and mortgage companies, renewing their licenses for the coming year; it does not govern individual loans.

What to review: Before submitting any NMLS renewal requests in the season that starts Nov. 1, first confirm that every licensee has answered the updated disclosure questions and met the new employment reporting requirements. AWACS interpretation

Effective No date statedView affected requirements →

Coming into effect in the next 60 days

Effective dates from .

Arc Home opens its Closed-End Second product to Texas delegated loans, including 50(a)(6)
Arc Home, Closed-End Second eligibility in Texas, based on loan registration date. In 0 days.
Collateral Shipping Address Update Following Maryland Custodial Site Closure
Arc Home, Physical collateral shipping destination. In 6 days.
MPF Xtra Escrow Event Reporting Format and Transmission Requirements
FHLB Chicago MPF, Escrow event reporting. In 36 days.

Review recommended

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

Newrez Correspondent, Correspondent Announcement 2026-093,
Review recommended

Closed-End Second Lien Bankruptcy Seasoning Revisions

Loan impactCreditUnderwriting

Applies to: The updated bankruptcy seasoning criteria apply to closed-end second mortgage transactions.

What to review: Review updated closed-end second mortgage guidelines permitting borrowers with a discharged Chapter 13 bankruptcy to qualify after two years instead of four, alongside clarifications on measuring four-year seasoning from discharge or dismissal dates for Chapter 7 and 11 filings and the ineligibility of borrowers with multiple bankruptcies. AWACS interpretation

Effective Oct 22, 2026View affected requirements →
Pennymac Correspondent, Correspondent Announcement 26-127,
Review recommended

USDA Rural Housing Funding Lapse and Conditional Commitment Policy

Loan impactUSDADeliveryProductsUnderwritingPost-closing

Applies to: USDA Rural Housing guaranteed purchase and refinance transactions delivered during the temporary fiscal year funding hiatus.

What to review: Review procedures for delivering USDA loans during funding lapses to ensure standard underwriting requirements are met and final loan note guarantees are tracked for post-closing delivery. AWACS interpretation

View affected requirements →
Pennymac Correspondent, Correspondent Announcement 26-125,
Review recommended

Pennymac revises Conventional and Government LLPA pricing grids

Loan impactAll programsProductsSecondary

Applies to: Best Efforts Commitments taken with Pennymac from October 21, 2026, priced with the Conventional or Government LLPA grids.

What to review: Nothing in this record is marked mandatory, so secondary teams can start by comparing the revised Conventional loan balance adjustment value, along with the revised Government FICO adjustment grid mentioned in the summary, against the values they currently use for Best Efforts Commitments taken with Pennymac on or after October 21, 2026. AWACS interpretation

Effective Oct 21, 2026View affected requirements →
FHLB Chicago MPF, Program Announcement MPF Announcement 2026-69,
Review recommended

Delivery Dataset Phase 5.2 Updates to Program Exhibit and Form

Loan impactDeliveryPost-closingSecondary

Applies to: Loans delivered under program delivery guidelines utilizing the updated exhibit and loan presentment request form.

What to review: Review the updated delivery dataset reference exhibit and loan presentment request form to assess the newly added appraisal and property estate enumerations. AWACS interpretation

Effective Oct 19, 2026View affected requirements →

Threads that moved

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

  • Updates to Foreclosure and Bankruptcy Attorney Fees and 1099-C Reporting Under Fannie Mae SVC-2026-06
    Fannie MaeFannie Mae increased allowable foreclosure and bankruptcy attorney fees and eliminated the Florida trial fee effective January 1, 2027, while updating access requirements for the 1099-C Do Not Send list effective January 15, 2027.
    FHLB Chicago MPFFHLB Chicago MPF requires MPF Xtra servicers to adopt Fannie Mae Announcement SVC-2026-06 updates regarding allowable attorney fees effective January 1, 2027, and the 1099-C exclusion list verification schedule effective January 15, 2027.

Enforcement this week

Regulator actions against lenders and servicers published this week. Shown whatever your coverage.

Data releases

Data releases and announcements with no direct requirement.