News
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MPF Selling Summary Announcement 2023-S13
This document contains multiple MPF Selling Announcements being published on this date.
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MPF Announcement 2023-96
Fannie Mae updated their selling guide with impacts to employment offers or contracts policy and shared appreciation requirements, these updates are applicable to mortgages sold under the MPF Xtra product.
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MPF Announcement 2023-95
Updated the Selling Guide to permit Single-Width Manufactured Homes, MH Advantage mortgage loans, and mortgage loans secured by properties in Guam, Puerto Rico, and the U.S. Virgin Islands.
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MPF Announcement 2023-94
Fannie Mae updated their selling guide with impacts to the following topics rental income, self-employed borrowers, manufactured housing appraisals, and property data collection requirements, sold under the MPF Xtra product.
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MPF Announcement 2023-93
Fannie Mae announced temporary representation and warranty enforcement relief for mortgage loans impacted by a COVID-19 forbearance. MPF Xtra mortgage loans previously or currently in a COVID-19 forbearance may be eligible for relief.
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MPF Announcement 2023-92
Updated list of Ineligible Transactions, Products, or Attributes and clarified MPF Program Requirements that supersede Fannie Mae/DU and Freddie Mac/Loan Product Advisor requirements.
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MPF Announcement 2023-91
Updated the policy for using income earned from a trust towards qualifying.
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MPF Announcement 2023-90
Updated personal gifts policy to include requirements when the gift donor is the seller of the property and when the source of the gift is an estate or trust.
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MPF Announcement 2023-89
The American Land Title Association (ALTA) released 2021 revisions to their loan policy forms. The MPF Traditional Selling Guide was updated to reflect the use of these updated forms.
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MPF Announcement 2023-88
The MPF Traditional (conventional) workout options are being updated to reflect updated guidance and clarity for certain existing options and adding new options.
