With the mortgage industry now using the redesigned Uniform Residential Loan Application, Fannie Mae and Freddie Mac today reminded lenders that as of May 1, the GSEs will no longer accept new loans submitted that use legacy formats.
Due to the coronavirus pandemic, Fannie Mae and Freddie Mac have extended the implementation timeline for the redesigned Uniform Residential Loan Application and automated underwriting systems.
Fannie Mae and Freddie Mac have published their updated and interactive version of the redesigned Uniform Residential Loan Application.
…and other answers to your compliance questions in the November/December 2019 ABA Regulatory Policy and Compliance Inbox.
How to manage the biggest mortgage compliance change since TRID.