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.
Lender Letter 2014-02
Clarifies property and appraisal requirements for properties in small towns and rural areas, especially on policies relating
to appraiser selection, property eligibility and special considerations, and acceptable appraisal practices.
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.