Fannie Mae Releases New Master Form and Short Form Mortgage/Deed of Trust Documents

July 25, 2007

Summary - Guide Announcement 07-13

Fannie Mae and Freddie Mac have jointly developed uniform master and short form security instruments for first mortgage loans. In states with statutes that allow for the use of master and short form security instruments, recording the new short form mortgage or deed of trust (“Short Form”), which can be one quarter the length of the current security instruments, can result in significant savings in closing costs. The new uniform master form mortgage or deed of trust (“Master Form”) and Short Form documents have been placed on Lenders may elect to deliver first mortgage loans to Fannie Mae using the approved Master Form and Short Form documents in lieu of the current version of the Fannie Mae/Freddie Mac uniform first mortgage security instruments.

Contact ALTA at 202-296-3671 or

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.