Fannie Mae and Freddie Mac published supporting documents for the upcoming redesigned Uniform Residential Loan Application (URLA). The new support documents include a Dynamic URLA, a URLA Rendering Document, and a Spanish Translation Aid to the URLA. The Dynamic URLA and the accompanying URLA Rendering Document are designed to provide lenders and technology solution providers with an opportunity to tailor the URLA to their specific needs. The supporting documents also provide updated data requirements for Fannie Mae and Freddie Mac’s Automated Underwriting Systems (Desktop Underwriter and Loan Product Advisor).

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