Privacy Policy

MPF® Program Practices

In order to assist PFIs with their required regulatory compliance, the following guidelines are adopted to address the privacy of confidential information which is received in the MPF Program:

1. No nonpublic personal information of MPF Applicants or Borrowers which is received in connection with the MPF Program is used or disclosed to third parties, other than uses and disclosures which are permitted by law.

2. With respect to MPF Applicant and Borrower information received in connection the MPF Program, appropriate administrative, technical and physical safeguards have been instituted to:
• Maintain the security and confidentiality of such information;
• Protect against anticipated threats or hazards to the security or integrity of such information; and
• Protect against unauthorized access to or use of such information.

3. Third parties engaged by the MPF Provider to provide services in connection with the MPF Program who receive nonpublic personal information of MPF Applicants or Borrowers are required:
• To comply with all applicable privacy laws;
• To institute administrative, technical and physical safeguards which are consistent with those outlined in the preceding bullet point;
• To limit their use of nonpublic personal information to the purpose(s) for which it was provided to them; and
• To release nonpublic personal information only as permitted by statutory or regulatory exceptions.

Required PFI Compliance

In the origination and Servicing of MPF Mortgage Loans, each PFI is required to comply with all Applicable Laws including but not limited to the Gramm-Leach-Bliley Act and related regulations.  Such compliance shall include giving required notices and disclosures, and maintenance of adequate administrative, technical and physical safeguards necessary to comply with Applicable Laws.  In addition, the PFI is required to monitor the performance of any subservicer, custodian, assignee or designee which is performing services in connection with MPF Mortgage Loans to ensure their compliance with all applicable privacy laws.