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MISMO for Loan Delivery Planning Under Way

Freddie Mac has started the planning process for adopting MISMO® version 3.0 for loan delivery. At this time we are exploring a fourth-quarter 2010 implementation date and will communicate additional details about our plans in the near future.

The migration to an industry-wide data standard is key to supporting a more consistent and efficient mortgage lending process, including streamlining the exchange of loan data among all industry participants.

Please be assured that we will keep you informed about our plans to adopt MISMO v3.0 for loan delivery. During the transition process we will continue to support our current loan delivery format to provide you with sufficient time to adopt the new standard.