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Financial Services Law Insights and Observations

Fannie Mae, Freddie Mac Publish Additional Uniform Closing Dataset Documentation

CFPB Freddie Mac Fannie Mae Mortgage Origination Disclosures

Lending

On July 15, Fannie Mae and Freddie Mac announced the availability of additional documentation to support the mortgage industry with the implementation of the Uniform Closing Dataset (UCD), the common industry dataset that supports the CFPB’s closing disclosure. The documents provide information to supplement the MISMO mapping document released in March 2014. Fannie Mae and Freddie Mac intend to collect the UCD from lenders in the future, but have not yet determined the method or timeline for that data collection.