News & Insights
May 13, 2024
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By The Single-Family Team, Freddie Mac
Industry trends, marketplace dynamics and much more.
Use the filters to find topics of interest or browse all articles to see the full range of available articles and insights.
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News Articles | October 1, 2013
Information Related to CFPB Final Rule on ATR and Our New Mortgage Eligibility Requirements in Today’s Industry Letter
Today Freddie Mac is issuing an Industry Letter to support you as you prepare for our upcoming purchase eligibility requirement changes, announced in Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-16. Guide Bulletin 2013-16 is part of our response to the Consumer Financial Protection Bureau’s (CFPB) final rule implementing the ability to repay (ATR) provisions under the Truth-in-Lending Act.
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News Articles | August 22, 2013
ULDD Phase 2 Preparation Tips, Specification Update, and More
Our Single-Family News Center article provides you with information on the following: preparing for the Uniform Loan Delivery Dataset (ULDD) Phase 2; ULDD specification updates, including the removal of Appendix E-MISMO Version 3.0 Reference Model with GSE Extensions; Qualified Mortgage requirements; and Fannie Mae's implementation of ULDD Phase 2. As you prepare for ULDD Phase 2, you should now be completing your data point analysis.
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News Articles | July 2, 2013
Industry Letter Provides Additional Information on Our New Eligibility Criteria
As you prepare to adopt the Ability-to-Repay (ATR) and Qualified Mortgage (QM) requirements of the final rule issued by the Consumer Financial Protection Bureau (CFPB), today’s Industry Letter [pdf] provides additional information related to possible future Freddie Mac changes in support of the final rule. Helping you implement regulatory changes such as the ATR/QM final rule is part of our commitment to provide you with comprehensive support and make it easier for you to do business in today’s market.
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News Articles | June 27, 2013
Freddie Mac Continues to Support ULDD Phase 2 Implementation on August 25, 2014
Freddie Mac and Fannie Mae announced on December 13, 2012, the Phase 2 ULDD data requirements for all loans with Application Received Dates on or after March 1, 2014, and delivered on or after August 25, 2014. While Fannie Mae recently announced a delay to their timeline for the Phase 2 ULDD implementation in their Loan Delivery system, Freddie Mac is not making changes to the ULDD Phase 2 requirements timeline.
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News Articles | May 20, 2013
Preparing for the Phase 2 ULDD
Are you getting ready for the Phase 2 Uniform Loan Delivery Dataset (ULDD)? It’s critical that you start your planning process now to ensure that you’re fully prepared for the implementation.
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News Articles | March 26, 2013
ULDD Data Quality Announcement
Fannie Mae and Freddie Mac (the GSEs) are reminding Sellers of the importance of data accuracy to improve the overall quality of loan delivery data submitted to each GSE and ensure that it is complete and fully reflective of the terms of the mortgage. Since the implementation of the Uniform Loan Delivery Dataset (ULDD) in July 2012, we have received feedback that Sellers may not understand the requirements for some data points, resulting in the delivery of incorrect data.
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News Articles | December 13, 2012
GSEs Publish Phase II ULDD Specification
Today, Freddie Mac and Fannie Mae (the GSEs) have published the Phase II specification for the Uniform Loan Delivery Dataset (ULDD). The ULDD is a component of the Uniform Mortgage Data Program® (UMDP®), an ongoing effort by the GSEs, at the direction of the Federal Housing Finance Agency (FHFA), to enhance the accuracy and quality of loan data each GSE requires at loan delivery.
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News Articles | September 18, 2012
UCDP October Release Notification
On October 7, 2012, Freddie Mac and Fannie Mae (the GSEs) will update the Uniform Collateral Data Portal® (UCDP®) to implement enhancements for appraisal submissions to both GSEs. The enhancements include updates to Error Messaging (Hard Stop 9001).
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News Articles | June 6, 2012
Appraisal Data Accuracy and ULDD Reminders
One of the primary goals of the Uniform Mortgage Data Program® (UMDP®) is to implement a common Freddie Mac and Fannie Mae approach for capturing loan and appraisal data so that industry participants can benefit from improved data accuracy and greater operational efficiency. As a result of our labor, we have implemented the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal® (UCDP®).
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News Articles | May 22, 2012
SEC and Other Loan Data Delivery Requirements
In 2009, Fannie Mae and Freddie Mac (the GSEs) communicated to lenders that beginning July 1, 2010, lenders would be required to deliver four new data elements: the appraiser's state license number, supervisory appraiser's state license number, loan origination company identifier, and loan originator identifier. Review this list of corresponding Uniform Loan Delivery Dataset (ULDD) Sort IDs.
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