(RECAP: Freddie Mac today announced a redesigned standard application for borrowers to use when they apply for a single-family mortgage. The redesigned Uniform Residential Loan Application (URLA) was developed jointly with Fannie Mae under the direction of the FHFA. This marks the first substantial revision to the URLA in more than 20 years. In addition to a reorganized layout and simplified terminology, the new URLA includes data fields such as mobile phone number, email address and military service. Lenders may begin using the redesigned URLA on Jan. 1, 2018, for single-family loans submitted to Freddie and Fannie as well as mortgages that are federally insured by FHA, the VA or the Department of Agriculture’s Rural Housing Service.)
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