MetaSource Mortgage Blog

FHLMC: Freddie Mac Is Retiring MIDANET

Friday, August 05, 2011

FHLMC: Effective 3/19/12, Freddie Mac is retiring MIDANET for delivery and removing references to it from the Guide. Therefore, products that were only available for delivery through MIDANET will no longer be eligible for sale to Freddie Mac.

The Details

With this Single-Family Seller/Servicer Guide (“Guide”) Bulletin, Freddie Mac is updating the Guide to include the requirements for delivery of Uniform Loan Delivery Dataset (ULDD) data for the initial implementation phase (“Phase I implementation”) using the MISMO® Version 3.0 Reference Model ("MISMO v3.0”). These requirements apply to all Mortgages delivered to Freddie Mac on or after March 19, 2012 that have Application Received Dates on or after December 1, 2011.

Contact us to learn more about Freddie Mac mortgage compliance QC and audits

Comments

Request more information here
Contact Sales (888) 556-0796 or Technical Support (877) 741-6867