Loan impact
Summarized from the bulletin · verifiedApplies to: Correspondent sellers delivering FHA mortgages, non-agency medical professional loans, or locking loans under all correspondent programs.
Scope differs by change; see each change below.
- Addressed to
- Lakeview correspondent sellersFrom the publisher, not quoted from the text
- Investor
- LakeviewFrom the publisher, not quoted from the text
- Affected areas
- Report format; Contracts; Products
- Affected documents
- Appraisal report; lock confirmation
- Exceptions
- California Housing Finance Agency loans do not accept the new appraisal format; subordinate financing on medical professional mortgages
- Effective
- Oct 12, 2026
- Applicability confidence
- Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted
Summary by AWACS. Lakeview Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the bulletin| Requirement | Previously | Now |
|---|---|---|
| appraisal dataset version eligibilityRelaxed | Previously: appraisals had to be delivered using legacy dataset 2.6 | lenders are permitted to deliver appraisals formatted in dataset 3.6 |
| Applies when: Program is FHA, or earlier if the seller adopts now | ||
| secondary financing terms in medical professional programClarified | Previously: guidelines included references to combined loan to value metrics | clarified guide language eliminating subordinate financing ratio mentions |
| Applies when: Product is MedPro | ||
| lock desk service scheduleRelaxed | Not stated | secondary lock desk coverage continues until eight o'clock Eastern |
What to do
AWACS interpretation · not source languageWhat to review: Review the permitted use of appraisal dataset 3.6 on eligible FHA loans, the clarified MedPro subordinate financing terms, and the lock desk schedule extension to 8:00 p.m. Eastern effective 2026-10-12.
QC implications
- Verify that appraisals delivered using dataset 3.6 on FHA loans are not associated with California Housing Finance Agency programs.
- Sample medical professional loans to ensure secondary financing terms reflect the clarified guide language.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed, adjusted automatically
Every quoted passage appears word for word in the official document.
- A detail the source does not support was removed or adjusted
Requirements backed by the source: Passed
Anything marked required is backed by the requirement language and dates in the source.
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed, adjusted automatically
The record follows the AWACS format and uses its standard labels.
- Title or summary shortened
- A detail the source does not support was removed or adjusted
Source
- Correspondent Policy Bulletin C2026-27 (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 b5b9afd35d76…
- Report an error · How versions work