The MPF Guides outline program and product specific requirements and processes Participating Financial Institutions must follow in order to participate in the Mortgage Partnership Finance Program.​


 

MPF Program Guide (All Products)

The MPF Program Guide contains the requirements Participating Financial Institutions must follow in order to participate in the MPF Program. The Program Guide provides a general overview of the products offered by the MPF Program as well as Participating Financial Institution Eligibility requirements, contractual relationship information and Quality Control Requirements. 

Traditional Selling Guide

The MPF Traditional Selling Guide outlines the requirements and  processes for Participating Financial Institutions to originate and deliver residential mortgages under the MPF Program's MPF Traditional product. The MPF Traditional Selling Guide generally follows industry standard guidelines with some enhancements, restrictions, or overlays. All MPF Traditional Mortgage Loans delivered under the MPF Program must meet these guidelines. For any topics not addressed in the Guides, including the Program Guide and the MPF Traditional Selling Guide, the Originator must follow the requirements of the applicable Government Agency insurer/guarantor.

Traditional Servicing Guide

The MPF Traditional Servicing Guide outlines the requirements and processes that apply to all Servicers servicing Mortgage Loans sold under the MPF Traditional products and the MPF Government product.  The MPF Traditional Servicing Guide generally follows industry standard guidelines with some enhancements, restrictions, or overlays. All Servicers must service MPF Traditional Mortgage Loans in compliance with these guidelines. For any topics not addressed in the Guides, including the Program Guide and the MPF Traditional Servicing Guide, the Servicer must follow the requirements of the applicable Government Agency insurer/guarantor.

MPF Xtra Selling Guide

The MPF Xtra Selling Guide outlines the requirements and processes for Participating Financial Institutions to originate and deliver residential mortgages under the MPF Program's Xtra product. The MPF Xtra Selling Guide generally follows Fannie Mae Selling Guide guidelines with some enhancements, restrictions, or overlays. All MPF Xtra Mortgage Loans delivered under the MPF Program  must meet these guidelines. For any topics not addressed in the Guides, including the Program Guide and the MPF Xtra Selling Guide, the Originator must follow the requirements of the Fannie Mae Selling Guide.

MPF Xtra Servicing Guide

The Xtra Servicing Guide outlines the requirements and processes that apply to all Servicers servicing Mortgage Loans sold under the MPF Xtra Product. The MPF Xtra Selling Guide generally follows Fannie Mae Servicing Guide guidelines with some enhancements, restrictions, or overlays. All Servicers must service MPF Xtra Mortgage Loans in compliance with these guidelines. For any topics not addressed in the Guides, including the Program Guide and the MPF Xtra Servicing Guide, the Servicer must follow the requirements of the Fannie Mae Servicing Guide.

MPF Government MBS Selling Guide

The MPF Government MBS Selling Guide outlines the requirements and processes for Participating Financial Institutions to originate and deliver residential mortgages under the MPF Program's MPF Government MBS product . The MPF Government MBS Selling Guide generally follows industry standards guidelines with some enhancements, restrictions, or overlays. All MPF Government MBS Mortgage Loans delivered under the MPF Program must meet these guidelines.  For any topics not addressed in the Guides, including the Program Guide and the MPF Government MBS Selling Guide, the Originator must follow the requirements of the applicable Government Agency insurer/guarantor.

MPF Government MBS Servicing Guide

The MPF Government MBS Servicing Guide outlines the requirements and processes that apply to all Servicers servicing Mortgage Loans sold under the MPF Government MBS Product. The MPF Government MBS  Servicing Guide generally follows industry standard guidelines with some enhancements, restrictions, or overlays. All Servicers must service MPF Government MBS Mortgage Loans in compliance with these guidelines.  For any topics not addressed in the Guides, including the Program Guide and the MPF Government MBS Servicing Guide, the Servicer must follow the requirements of the applicable Government Agency insurer/guarantor.

MPF Direct Selling Guide

The MPF Direct Selling Guide, including the MPF Direct Representations and Warranties, outlines the requirements and processes for Participating Financial Institutions to originate, deliver and transfer servicing of residential mortgage  under the MPF Program's MPF Direct product. The MPF Direct Selling Guide generally follows industry standard guidelines with some enhancements, restrictions, or overlays. All MPF Direct Mortgage Loans delivered under the MPF Program must meet these guidelines.

MPF Direct Representations and Warranties
MPF Direct Product Exhibit Q-D: Select QM Program Eligibility Guide
MPF Direct Product Exhibit R-D: Select 90 QM Program Eligibility Guide
MPF Direct Product Exhibit S-D: Choice QM Program Eligibility Guide
MPF Direct Product Exhibit T-D: Redwood Jumbo Program Eligibility Supplement


​Custody Manual

The MPF Custody Manual establishes the MPF Program procedures and requirements for a third party Custodian or a Participating Financial Institution acting as its own Custodian.

Custody Manual
Exhibit 1 - MPF Custodian Manual
Exhibit 2 - Officers Certification
Exhibit 3 - Designated Officer Form

Forms, Exhibits and Glossary

Each product specific MPF Guide may have references to various forms and exhibits. When utilizing the MPF Guides the Participating Financial Institutions will need to refer to the exhibits for guidance or submit specific forms when applicable. Please note that the same form or exhibit may be referenced in multiple MPF Guides. Product specific  exhibits will be noted with an extension in relation to the product. Exhibits specific to the MPF Direct product will be noted with a "D" extension (ex: Exhibit A-D), the MPF Xtra product will be noted and "X" extension (ex: Exhibit A-X) and MPF Government MBS will be noted with an "M" extension (ex: Exhibit A-M). The Glossary provides definitions to terms referenced within the MPF Guides. Unless a different definition is specifically provided within the MPF Guides, the words and phrases referenced within the Glossary shall have the definition as provided when they are used in the MPF Guides.

 

Acronyms

Glossary

 

Exhibits:

Exhibit A: Anti Predatory Lending Category (10/27/17)
Exhibit A: MPF® Traditional Product Investor Reporting Calendar - 2018 (11/16/17)
Exhibit B: Delinquent Mortgage Report — Standard File Layout (10/27/17)
Exhibit C: ASCII Text File Layout (10/27/17)
Exhibit D: Electronic Transmission — Excel Data File Format (10/27/17)
Exhibit E-M: MPF® Government MBS Investor Reporting Calendar – 2018 (11/16/17)
Exhibit F: Colonial Savings Concurrent Servicing Sale Manual (03/01/18)
Exhibit F-M: Nationstar Mortgage LLC Concurrent Servicing Sale Manual (08/15/16)
Exhibit H: MPF Program Custodian – Document Codes (10/27/17)
Exhibit I: MPF Program Custodian – Exception Codes (10/27/17)
Exhibit J: Frequently Asked Questions and Answers of the MPF Program Custodian (10/27/17)
Exhibit K: Initial Certification Review Checklist for MPF Traditional (10/27/17)
Exhibit K-X: Initial Certification Review Checklist for MPF Xtra (10/27/17)
Exhibit K-M: Initial Certification Review Checklist for MPF Government MBS (10/27/17)
Exhibit L: Government Mortgage Final Certification Review Checklist (10/27/17)
Exhibit N: 2018 Conventional High-Cost Area Loan Limits (01/09/18)
Exhibit P: Agreement by Beneficiary and Trustee to Notify Lender of a Sale or Transfer of Interest – Purchasing (10/27/17)
Exhibit R: Verbal Verification of Employment (10/27/17)
Exhibit S-M: MPF® Government MBS Mortgage Document File Coversheet and Checklist (10/27/17)
Exhibit T - MPF Directory (10/27/17)
Exhibit U: Non- FHLB AHP Program Guideline Checklist (10/27/17)
Exhibit V: Approved Mortgage Insurers (10/27/17)
Exhibit W: CMC Funding Whole Loan Servicing Transfer Manual (08/10/17)
Exhibit Y: Uniform Residential Loan Application (01/04/18)
Exhibit A-X: MPF Xtra® Investor Reporting Calendar – 2018 (11/16/17)
Exhibit F-X: Mortgage Insurance Disclosure (10/27/17)
Exhibit G-X: Redwood Whole Loan Servicing Transfer Manual (03/23/17)
Exhibit Q-X: Special Feature Codes (02/08/18)
Exhibit S-X: Detailed Reference List of Required or Conditionally Required ULDD Fields (10/27/17)
Exhibit T-X: MPF Program 4506-T (10/27/17)
Exhibit W-X: CMC Funding Whole Loan Servicing Transfer Manual for MPF Xtra® (11/30/17)

 

MPF Direct Exhibits:

  
Forms:
Form OG3: Loan Presentment Request (10/27/17)
Form SG300: Monthly Summary and Remittance Report (10/27/17)
Form SG301-X: MPF Xtra® Monthly Remittance Recap (10/27/17)
Form SG320: P&I Custodial Account Reconciliation (10/27/17)
Form SG320A: P&I Custodial Account Reconciliation (10/27/17)
Form SG321: T&I Custodial Account Reconciliation (10/27/17)
Form SG321A: T&I Custodial Account Reconciliation (10/27/17)
Form SG322: Custodial Buydown Account Reconciliation (10/27/17)
Form SG331: Property Inspection Report (10/27/17)
Form SG332: Calculation of Realized Loss or Gain (10/27/17)
Form SG334: Notice of Acquired Property (10/27/17)
Form SG337: High Level Concern (HLC) Mortgage Notification (10/27/17)
Form SG340: Request for Release of Documents - MPF Traditional and MPF Xtra (10/27/17)
Form SG340M: Request for Release of Documents - MPF Government MBS (10/27/17)
Form SG342: Property Insurance Loss Draft Notification (10/27/17)
Form SG343: MI Cancellation Notice (10/27/17)
Form SG350M: Uninsurable Government MBS Mortgage Loan Notification (10/27/17)
Form SG354: Workout Worksheet (10/27/17)
Form SG360: Servicing Transfer Notice (10/27/17)
Form SG361-X: MPF Xtra® Servicing Transfer Notice (10/27/17)
Form SG370-X MPF Xtra® Investor Reporting Change Request (10/27/17)
Form SG400: Loan Workout Plan (10/27/17)
Form SG401: Temporary Loan Payment Modification Agreement (10/27/17)
Form SG402: Borrower Hardship Certification (10/27/17)