URLA – 1003/05; WHAT’S HAPPENING?

man reading mortgage headlined newspaper

The optional usage of this new form was to be July 1, 2019. That happens to be the day that I am writing this note, and it is not happening.

All the GSE’s got together and postponed that date. They are going to complete more reviews and improve sections.

English Translation: Lobbyists win again and get their postponements.

When will it happen? No one knows, and if they tell you they do, they lie.

In a discussion about the most important form in the lending industry go to: Uniform Mortgage Data Program

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