News
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MPF Announcement 2024-18
Fannie Mae is temporarily offering a $2,500 LLPA credit for very low-income purchase borrowers (VLIP) that can be used for down payment and closing costs.
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MPF Announcement 2024-17
Revised introduction paragraphs in Chapter 5. Underwriting the Borrower.
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MPF Announcement 2024-16
Updated requirements for rental income used towards qualifying.
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MPF Announcement 2024-15
MPF Program is clarifying PFI and Servicer responsibilities as to certain costs incurred by the MPF Provider or the MPF Banks.
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MPF Announcement 2024-14
MPF Traditional Servicing Guide has been updated to incorporate the new MPF Traditional Workout Options. Servicers are required to consider borrowers based on the new guidelines as of borrower requests they receive on or after March 1, 2024.
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MPF Servicing Summary Announcement 2024-S03
This document contains multiple MPF Servicing Announcements being published on this date.
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MPF Announcement 2024-13
In efforts to help streamline reporting with the Master Servicer, the Form SG403: Exception Clearing Report was updated.
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MPF Announcement 2024-12
Fannie Mae clarified Servicer responsibilities related to monitoring and verification of property insurance coverage, which are applicable to mortgages serviced under the MPF Xtra product.
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De-stressing the Mortgage Experience with the MPF Program
"Because the MPF Traditional products don’t charge loan-level price adjustments, we’ve been able to make the dream of homeownership more accessible to our members by offering more competitive rates..."
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MPF Announcement 2024-11
The MPF Program is excited to announce that we are now accepting MPF Traditional (Conventional) and MPF Xtra mortgage loans originated as eNotes/eMortgages
