Fannie Mae and Freddie Mac Joint Announcement for URLA Implementation Guidance and Updates – Dated September 26, 2017-Effective Date-Voluntary Use-No Earlier than July 1, 2019 and Mandatory Use February 2020.
Rule Synopsis: 1003 / URLA / Form 1065 – AKA: The Loan Application. The agencies issue a joint announcement for implementation timeline update, to address the newest release of the Demographic Information Addendum and to promote the form itself. Interpretive CommentsRemember that the loan application has not had a major overhaul in approximately 20 years. [...]