The growing sophistication of AI use is now reflected in an updated policy to manage the risk associated with the tech.

Freddie board member jumps to Fannie board; a week of CAS and STACR tender offers; and seller/servicer guidance for the shutdown.

The GSEs continue the modernization of the datasets critical to the mortgage industry, including updates that will be key to the implementation of multiple credit scores for mortgage borrowers.

Fannie ditches legacy terminology related to appraisals; Freddie prices a $707 million SCRT; PIMCO buys 3,044 RPLs from Fannie.

Starting in October, properties that are part of a condo project in insolvency proceedings will not be eligible for GSE loans. The rule applies immediately if the lender is already aware of the proceedings.

As the seven-plus-year redesign of the UAD and the URAR nears completion, the GSEs prepare industry stakeholders for the changes.

Fannie and Freddie both issued sellers guide updates alerting lenders to upcoming changes to UAD 3.6 and URAR. Other updates affect quality control procedures, measurement standards and attorney fees.

All insurance policies related to multifamily mortgage applications must now include the borrower as a “named insured” party.

The time frames for servicers to complete routine foreclosures will expand in 17 states and shorten in four others.

Updates will automate parts of the voluntary partial-cancellation process that are currently manual. This tool will be available through Freddie’s Gateway portal.