Fannie Mae and Freddie Mac Delay Start of Optional Use Period for Redesigned Uniform Residential Loan Application

Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), delayed the optional use period for the redesigned Uniform Residential Loan Application (URLA). The optional use period for the redesigned URLA was scheduled to begin on July 1, 2019. Over the coming weeks, FHFA will revise the effective date of the redesigned URLA and finalize issuance of an updated URLA form, corresponding datasets and a new implementation timeline.

Click Here to View the Fannie Mae & Freddie Mac Joint URLA Notice