News & Insights
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News Articles | January 24, 2020
Effective Date of Income Changes Extended to July
The revised requirements will now be effective for mortgages with Freddie Mac settlement dates on and after July 2, 2020. Guide Bulletin 2019-20 noted these changes would be effective for mortgages with Freddie Mac settlement dates on and after April 2, 2020.
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News Articles | December 20, 2019
New IRS Information on Taxpayer First Act
The Internal Revenue Service has posted new information on its website that helps clarify the application of Section 2202 of the Taxpayer First Act.
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News Articles | December 18, 2019
Freddie Mac and Fannie Mae Publish Implementation Timeline and Supporting Documents for Revised URLA and Updated AUS Specifications
Freddie Mac and Fannie Mae (the GSEs) have published the revised implementation timeline for the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting systems (AUS). The new mandate date for the use of the redesigned URLA and AUS specifications is November 1, 2020.
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News Articles | December 12, 2019
Taxpayer First Act and Use of Tax Return Information
The Taxpayer First Act, signed into law on July 1, 2019, includes a provision that persons receiving tax return information must obtain the express permission of taxpayers prior to disclosing it to any other person. Review our FAQs related to our documentation requirements and the Taxpayer First Act.
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| December 3, 2019
True Lies: Reining in Reverse Occupancy
True Lies is our bimonthly series that shares real stories from the Single-Family Fraud Risk team’s experiences in the field, to help keep you informed on current fraud trends.
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Press Release | November 21, 2019
A New Survey Shows Generation Z Ambitious Yet Realistic About Homeownership
The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials, according to a pioneering new survey from Freddie Mac (OTCQB: FMCC). The survey of respondents (ages 14-23) finds that Gen Z views homeownership as having a more positive perception of what it means to own a home than Millennials at the same age.
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Press Release | November 15, 2019
Freddie Mac to Use ARRC Recommended Fallback Language for Single-Family Adjustable Rate Mortgages
Freddie Mac to Use ARRC Recommended Fallback Language for Single-Family Adjustable Rate Mortgages
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News Articles | November 12, 2019
Freddie Mac and Fannie Mae Publish Updated Redesigned AUS Specifications and Supporting Documents
Freddie Mac and Fannie Mae (the GSEs) have published the updated data specifications for their automated underwriting systems (AUSs) along with corresponding supporting documents. The documents also include updates based on both GSEs customer feedback from early testing.
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News Articles | October 23, 2019
Freddie Mac and Fannie Mae Publish Updated Redesigned URLA and Supporting Documents
Freddie Mac and Fannie Mae (the GSEs) have published the static components of the updated redesigned Uniform Residential Loan Application (URLA) (Freddie Mac Form 65/ Fannie Mae Form 1003), reflecting revisions announced on August 8, 2019.
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Press Release | October 23, 2019
Mortgage Translations Clearinghouse Now Includes Chinese and Spanish Language
The mortgage translations clearinghouse now includes Chinese and Spanish languages. The addition of Chinese Language helps industry and borrowers navigate the mortgage and homebuying process.