News
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MPF Announcement 2023-40
Updates have been made to the MPF Traditional Selling Guide regarding the ineligibility of agricultural properties and shared equity transactions.
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MPF Announcement 2023-39
Updates have been made to the MPF Traditional Selling Guide to clarify the mortgage insurance requirements for mortgage loans underwritten with automated underwriting system.
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MPF Announcement 2023-38
Updates made to the MPF Traditional Guide pertaining to right of first refusal and resale restrictions during possible default.
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MPF Announcement 2023-37
Updates have been made to the Traditional Selling Guide to provide clarity around the requirements for existing subordinate finances and for condos or PUDs as second homes.
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MPF Announcement 2023-36
Updates to the MPF Traditional Selling Guide to permit alternative documentation for IRS Form 4868 as evidence the Borrower has filed an extension for the prior year’s tax returns.
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MPF Announcement 2023-35
Effective immediately, PFIs delivering documents to the MPF Government MBS Custodian, Deutsche Bank National Trust Company (DBNTC), must include the department name on the shipping label.
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MPF Announcement 2023-34
Updates made which rescind the DTI ratio-based LLPAs originally scheduled to be effective for loans funded on or after August 2, 2023.
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MPF Announcement 2023-33
Effective May 30, 2023, PFIs delivering MPF Xtra Servicing Released mortgage loans uploading data files through the “batch” submission functionality in eMPF® will no longer be required to submit the Additional Info file for deliveries.
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MPF Announcement 2023-32
Underwriting and Reporting Requirements have been updated and made regarding medical collections, OFAC compliance, earned real estate commission, HERA and the Minority and Women Inclusion Rule policy, and clarification to minimum reserve requirements.
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MPF Announcement 2023-31
COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans: Retired initial forbearance requests effective on May 11, 2023 and adjusted loan modification interest rate.
