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Updates to Instructions for the Illinois and Mississippi Security Instruments Posted

Fannie Mae has updated the Instructions for both the Illinois and Mississippi Security Instruments.  The Instructions authorize lenders to include the interest rate in the Illinois Mortgage (Form 3014), or as an Interest Rate Rider, for fixed-rate mortgage loans. This change may be implemented immediately. In addition, Fannie Mae authorizes lenders to include the street address for the Mortgage Electronic Registration Systems (MERS) in the Mississippi Deed of Trust (Form 3025).  This change may be implemented immediately, but must be implemented within six months, where applicable.

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