The update contains changes or clarifications pertaining to property eligibility and appraisal requirements, a new MERS Rider,
and other updates.
ULDD Phase 3 Update
Provides an update on the Uniform Loan Delivery Dataset (ULDD) Phase 3 specification and implementation.
Fannie Mae is substituting indexes based on LIBOR rates published in The Wall Street Journal for the discontinued Federal
Reserve Board CD rates. Also, two standard ARM Plans based on the discontinued index are retired, effective immediately. The
updated Standard ARM Plan Matrix is available on this website.
New Quarterly Compass (Volume 4) Now Available
Provides updates on the Uniform Closing Dataset (UCD), EarlyCheck April release, Appraisal Quality Monitoring (AQM) process,
Uniform Collateral Data Portal (UCDP), and more. See page 2 (the Compass Extra) for a 2013-2014 calendar of key policy and
technology changes in an at-a-glance view, plus a list of frequently used contacts.
Updates to Fannie Mae-Approved Mortgage Insurers
Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company (CMG) and its affiliates by Arch U.S. MI Holdings,
Inc. Until further notice, the MI Code and ULDD Enumerated Value used to identify loans insured by CMG remain unchanged.
Fannie Mae has removed from the approved mortgage insurer list three affiliate companies of three of Fannie Mae’s approved