March 15, 2022
Uniform Closing Dataset Announcement: Three Qualified Mortgage Warning Edits Transitioning to Critical
Freddie Mac and Fannie Mae (the GSEs) have announced that effective April 21, 2022, three Qualified Mortgage (QM)-related data points will transition from warning to critical. These datapoints were meant to transition previously on February 11 but were delayed to give the industry additional time to prepare
These edits are important because inaccurate information provided in these datapoints may prevent loans from being eligible for sale to Freddie Mac. Review the Loan Closing Advisor® April 21 release notes for details.