After directing Fannie Mae and Freddie Mac to remove the preferred language question and make other changes, the Federal Housing Finance Agency (FHFA) has delayed mandatory use of the redesigned Uniform Residential Loan Application (URLA) form.
To allow industry participants time to make the necessary changes, the deadline for the mandatory use of the redesigned form and data will be extended.
Read on for more details about the upcoming modifications to the URLA form and how long the delay will be.
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