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.
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.
As a reminder, Fannie Mae lenders are required to submit their audited financial statements and Form 582 Lender Record Information and Certification within 90 days of their fiscal year-end. For lenders that ended their fiscal year on Dec. 31, the required submissions are due by March 31.
Provides information on Fannie Mae initiatives and upcoming milestones, and what lenders need to know to successfully navigate the changes ahead.
The Uniform Loan Delivery Dataset (ULDD) was jointly established by Fannie Mae and Freddie Mac to provide common requirements for loan delivery data.