As previously announced, FNMA is “retiring all legal documents specific to the use of COFI from [its] website” (FNMA Ann. SEL-2019-01). Subsequent to this announcement, FHLMC also announced their retirement of certain shared uniform instruments which use the COFI (see FHLMC Bulletin 2019-5).
We are, therefore, retiring the following documents:
- 3510 Note ARM 6m 1/1 COFI (Cx149)
- 3511 Note ARM 6m 1/1 Conversion Option 1-5 2-10 FNMA COFI (Cx156)
- 3124 Rider ARM 6m 1/1 Conversion Option 2-10 1-5 COFI (Cx272)
- 3120 Rider ARM 6m 1/1 COFI (Cx737)
Because these documents are not required by FNMA/FHLMC, they will no longer print as generic documents and will be removed from our standard packages. Clients who are currently assigned to these documents, with custom print configurations, will continue to receive them under their specified print settings.
These changes will be in effect on March 26, 2019. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.