Freddie Mac postponed the mandatory use date for the revised Uniform Underwriting and Transmittal Summary (Form 1077). Mandatory use of the revised Form was scheduled to begin on February 1, 2020. Freddie Mac and Fannie Mae are discussing additional changes to the Form, and will provide more information related to the new implementation date as soon as it is available.

FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early