Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.
GSE Form 1103, fair lending requirements effective March 1
January 05, 2023 / By ICBA
Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.
Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.
Form Resources: Translated versions of Form 1103 and updated Uniform Residential Loan Application frequently asked questions with information related to the SCIF are available from Fannie and Freddie.
Fair Lending Requirement: Additionally, the Federal Housing Finance Agency announced last year that servicers will be required to maintain transferrable fair lending data, including borrowers’ preferred language, as of March 1.
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