Fannie Mae has released an updated 1003 mortgage application form. We make the current version available to our customers so they can send it out to their borrowers for completion. This form will need to be either turned down or updated to the new version in the new year.
The following is a link to information on the updated version:
The attached URLA Demographic Addendum can be used by lenders with the old version of the 1003 to stay in compliance with the updated HMDA rules.
|Revenue or Retention?||Other|
|Impact to Existing Customers||Multiple|