The following initiatives were jointly established by Fannie Mae and Freddie Mac, at the direction of our regulator, to provide common data requirements as part of the UMDP.
Reports are now available through Fannie Mae Connect.
Fannie Mae's UCD collection solution will be available as of Sept. 2, 2016, for customers and non-seller correspondents to deliver the UCD XML file.
The update includes enhancements to HomeReady that provide additional flexibility and expanded options to meet the homeownership education requirement; accept homeownership education from a Community Seconds or Down Payment Assistance Program, if the providers are HUD-approved counseling agencies; and provide an additional homeownership education option for borrowers who obtain customized assistance from a HUD-approved agency and a completed Form 1017.
Access the Guide via the link below or AllRegs.com.
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