On August 8, 2019 FNMA and FHLMC published a joint announcement (available directly at: https://www.fanniemae.com/content/notification/notification-urla-announcement-august-2019) stating that they will be removing the “Language Preference” and “Homeownership Education and Housing Counseling” questions from the new URLA and including them in a new “voluntary consumer information form” which is under development. They will also be revising other parts of the URLA.
As a result of these changes, the mandatory use date has been postponed indefinitely: “The GSEs and FHFA will assess the impact of these changes to the timeline and will provide more information about the new implementation dates as soon as it is available.”
We are currently monitoring this situation and will make any revisions necessary as they are revealed. Any modifications we make will be announced on our website (https://compliance.docutech.com/).