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.
The update includes simplifying the way income limits are applied for HomeReady; update to the policy on self-employed income; removal of the policy that limits refinances of restructured mortgage loans; and update to the policy on project insurance specific to mortgagee clause.
Effective June 27, 2016, EarlyCheck V. 4.0.5 was implemented featuring five new edits, 65 edits switching to Fatal, and more.
Access the Guide via the link below or AllRegs.com.
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