Freddie Mac issues updates mandating AI governance
American Banker·2025-12-09 15:34
Freddie Mac is updating its guidelines to include explicit language requiring mortgage companies to establish a clear artificial intelligence framework governing the technology's internal use. The new rules become effective on March 3, 2026 and mandates compliance with the policy for businesses using AI and machine-learning tools in connection with loans sold to or serviced on behalf of the government-sponsored enterprise. Fueled by the rapid growth of artificial intelligence platforms in the public domai ...