USDA Announces Revisions to Handbook 1-3555

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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.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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