Skip to main content

FHFA Delays ULDD Implementation
Dec 14, 2011

The Federal Housing Finance Agency (FHFA) has announced an extension of implementation dates for a key component of the Uniform Mortgage Data Program (UMDP) announced in May 2010, known as the Uniform Loan Delivery Dataset (ULDD). Industry participants have demonstrated continued support for the UMDP and the updated timeline will allow for a successful transition to the new loan delivery format. Specifically, the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac will delay the voluntary implementation date to April 23, 2012 and will require loan delivery in the new format on July 23, 2012 instead of March 2012. The new timeline for the ULDD does not affect Uniform Collateral Data Portal effective dates. The UMDP initiative was designed to improve the consistency and quality of data for appraisals and other loan information.
Dec 14, 2011
6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

FHA Proposes New Program To Help Struggling Homeowners

Legal expert questions whether agency has authority to implement the program.

Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

MBA CEO Criticizes Government Response To Economic Challenges

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Freddie Mac Updates Income Assessment Tool To Use Digital Pay Stubs

Says new capability helps lenders calculate borrower income more quickly and precisely.