Fannie Mae, Freddie Mac delaying use of new Uniform Residential Loan Application

Fannie Mae, Freddie Mac delaying use of new Uniform Residential Loan Application
Nearly three years ago, Fannie Mae and Freddie Mac announced that they were changing the standard mortgage application form for the first time in 20 years. As the development process moved forward, the GSEs dictated that lenders would be required to begin using the new loan application by Feb. 1, 2020. But that’s not the case anymore. Fannie and Freddie announced Thursday that they are delaying the mandatory use of the redesigned Uniform Residential Loan Application to an unspecified date in the future.
Source: https://www.housingwire.com/rss