Fannie Mae: LAR 83 Changes Coming Soon; New Fraud Alert in California; and More

Investor Update
May 30, 2018

Source: Fannie Mae

Coming soon: Changes to LAR 83 processing

We are Simplifying Servicing by introducing a change to Loan Activity Reporting (LAR) 83 payment recast processing. This change, which will go into effect July 21, will allow servicers to request a change to the borrower's monthly mortgage payment resulting from a curtailment in the current reporting period on Scheduled/Scheduled loans, with an effective date of the subsequent month. This means servicers will now be able to report LAR 96 and LAR 83 transactions with the changed P&I constant in the same month.

No action is required by servicers and we'll provide a detailed example 30 days before the change goes into effect. If you have questions about this upcoming change, please contact Master Servicing at 1-800-2-FANNIE.

New fraud alert: Misrepresentation of Borrower Employment

We have issued a new fraud alert identifying 34 apparently fictitious employers being used on loan applications in Southern California. View the fraud alert and other resources on our Mortgage Fraud Prevention page.

We're working to innovate America's housing

Data and innovation drive progress. We believe that forward motion -- coupled with our efforts to work hand-in-hand with lenders, servicers, investors, and other housing partners -- is helping create safe, affordable housing for more Americans. Read more about how we're addressing the challenges and leveraging the opportunities that come with adoption of new technologies, creating new opportunities in housing, serving the communities that serve America, and more in the 2017 America's Housing Partner report.

Join us at these upcoming events:

  • June 5-6 | Indiana MBA State Convention | Indianapolis
  • June 6-8 | LendingQB User Conference | Newport Beach, CA
  • June 19-22 | NAFCU Annual Conference and Solutions Expo | Seattle

View more events.

You may also be interested in...

The Fight for Fair Housing
To commemorate the 50th anniversary of the Fair Housing Act and to explore its legacy, Fannie Mae interviewed civil rights activists and housing policy experts about the Act's history and its future. Read more

Receive regular content updates by registering at The Home Story.

Recent Tweets

Discover how a shared-risk model has enabled speed, certainty, and better pricing in multifamily mortgage financing. #PartnersForHousing

May 29

See the positive impacts @nvtrp is having on a child's life, and how some of our employees were able to play a part. #7Days2SERVE

May 29


Stay informed about the latest industry news and events with our All Client Alert email newsfeed.

Ask The CEO

Got a question about Safeguard in the industry? Let us know in our Ask the CEO online Q&A section.