Loan impact
Summarized from the announcement · needs reviewApplies to: Conventional loans sold through correspondent channels, specifically affecting LPA transactions, moved manufactured homes, and loans scored with VantageScore 4.0.
Scope differs by change; see each change below.
- Addressed to
- Newrez correspondent sellersFrom the publisher, not quoted from the text
- Investor
- NewrezFrom the publisher, not quoted from the text
- Programs
- Conventional
- Affected areas
- Credit score model; Eligibility; Manufactured
- Affected documents
- Occupancy certification letter
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Newrez 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 announcement| Requirement | Previously | Now |
|---|---|---|
| LPA relocated manufactured housing restrictionNewRequired | New requirement | Manufactured homes transported from a prior location are prohibited for delegated correspondent partners. |
| Applies when: Engine is lpa · Manufactured moved · Type is manufactured | ||
| Delisting requirement for properties previously on the marketTightenedRequired | Not stated | Properties that were previously for sale must be taken off the market no later than the disbursement date. |
| Occupancy eligibility using VantageScore 4.0NewRequired | New requirement | Second homes and investor-owned properties are prohibited when using VantageScore 4.0 credit scoring. |
| Applies when: Score model is vantagescore_4_0 · Occupancy is second_home or investment | ||
| Written occupancy confirmation on previously listed residencesRemoved | Not stated | Written verification of intent to occupy a primary home is no longer required. |
What to do
AWACS interpretation · not source languageWhat to review: Review the new conventional overlays barring LPA relocated manufactured homes, mandating delisting by disbursement, and prohibiting VantageScore 4.0 on non-primary residences, alongside the removal of the written occupancy intent requirement.
Prohibit relocated manufactured homes on delegated correspondent LPA transactions, ensure properties previously for sale are taken off the market no later than the disbursement date, and disallow VantageScore 4.0 scoring on second home and investment property loans.
QC implications
- Sample LPA manufactured home files to confirm relocated units are not permitted.
- Verify that previously marketed properties show documentation of being delisted on or before the disbursement date.
- Audit loans scored with VantageScore 4.0 to confirm they do not include second homes or investment properties.
- Confirm that primary residence files are not flagged for missing written occupancy intent certifications.
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, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
- An independent check could not confirm which loans a change applies to; those conditions were removed
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.
Source
- Announcement 2026-080 (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 654410204838…
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