20
Jan
New FHFA Fair Lending Data Fields Added to XML to Meet Freddie, Fannie Requirements
| We have updated the XML file specs to include the new Federal Housing Finance Agency (FHFA) fair lending data fields. These fields have been added to meet Freddie Mac and Fannie Mae requirements effective for loans originated on or after March 1, 2023.
A majority of the new fields are located on the HMDAInfo BorrowerDem tag (please see below for a full listing of the 34 fields). These fields are designed for information regarding the race, ethnicity, gender and preferred language of the borrower(s), and is required for every borrower on the loan. To meet the Freddie Mac and Fannie Mae requirements, you will also need to provide the age of the borrower and co-borrower (fields denoted as BorrowerAge and CoBorrowerAge), which are listed separately. The new HMDAInfo BorrowerDem fields are:
You can find a complete listing of XML fields on CenAccess. If you have any questions, please contact your client manager. |