WBK Industry News - Federal Regulatory Developments

USDA Announces Revisions to Handbook 1-3555

USDA recently issued a Procedure Notice to announce a number of amendments to Handbook 1-3555, including but not limited to, revisions to align with the new GUS, which was implemented on March 1, 2021.  The proposed changes include updating guidance relating to GUS and references to the Fannie Mae 3.2 file, the MISMO 2.3.1 file, and the Fannie Mae 1003 form.