In Selling Guide Announcement (SEL-2021-06) issued July 7, 2021, Fannie Mae announced it has updated its Uniform Instruments. The Announcement states:
We have updated all of our uniform legal instruments – security instruments, notes, riders and addenda, and special-purpose documents – used for loans delivered to us. In collaboration with Freddie Mac, we conducted a comprehensive review of the instruments and made improvements to enhance their clarity and usability. This update includes both Fannie Mae/Freddie Mac uniform instruments and Fannie Mae-specific instruments. These new instruments can be found at https://singlefamily.fanniemae.com/fannie-mae-legal-documents. The new instruments have a Jul. 2021 footer date.
Effective: Lenders may begin using these updated forms immediately but will be required to use them for loans with note dates on or after Jan. 1, 2023. The updated Jul. 2021 uniform instruments cannot be used in combination with any earlier versions. For example, a security instrument with a Jul. 2021 footer must be used with a note that also has a Jul. 2021 footer.
Full Memorandum
