On April 14, 2020, Fannie Mae and Freddie Mac (the GSEs) released a joint announcement regarding the extension of the implementation timeline for the redesigned URLA (Fannie Mae Form 1003 and Freddie Mac Form 65). The purpose of the extension is to provide lenders and other stakeholders additional time to implement the redesigned URLA and the GSEs’ automated underwriting systems (AUS) specifications during the COVID-19 pandemic. The new mandate date for the use of the redesigned URLA is March 1, 2021. See the GSEs’ joint announcement for additional timeline details.
