The Federal Housing Finance Agency is launching a "Servicing Data and Technology Initiative" with Fannie Mae and Freddie Mac this week to identify gaps and inadequacies in servicing data standards.

In anticipation of this new effort, the government-sponsored enterprises earlier this year suspended work on the Uniform Mortgage Servicing Dataset, an XML-based data file that was being developed to support a common data standard and new servicing form as a component of the Uniform Mortgage Data Program.

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