3.8- What information is Required from a borrower that must be included on an application (Regulation X)?


The new Uniform Residential Loan Application, effective January 2021, also known as 1003 has nine sections. The 1003 was created by the Federal Housing Finance Agency (FHFA). Fannie Mae numbers their form as 1003 whereas Freddie Mac numbers it as form 65. This is the form where all the information regarding the borrower appears. 

Section 1 : Borrower Information

Section 2: Financial Information - Assets and Liabilities

Section 3: Financial Information - Real Estate

Section 4: Loan and Property Information

Section 5: Declarations

Section 6: Acknowledgements and Agreements

Section 7: Military Service

Section 8: Demographic Information

Section 9: Loan Originator Information