Fannie Mae/Freddie – Working on Updating 1003 Application Form – No Effective Date Yet!

 Rule Synopsis: The agencies (Fannie Mae and Freddie Mac) have jointly announced that they are working on revising the loan application (URLA – Uniform Residential Loan Application). The loan application has not had a major overhaul in approximately 20 years. The changes are designed to adapt to the new lending environment the industry has embraced […]

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