Fannie Mae, in collaboration with Freddie Mac, has updated all of the uniform legal instruments — security instruments, notes, riders and addenda, and special-purpose documents — to use plainer language with shorter paragraphs and sentences, clarify borrower and lender obligations, and better reflect current industry practices and systems; lenders may begin using the newly published forms immediately but must use them for loans with note dates on or after January 1, 2023.
