News
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MPF Announcement 2023-64
Clarified land contract requirements by specifying when the transaction must be considered a purchase transaction and when it must be considered a limited cash-out refinance transaction.
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MPF Announcement 2023-63
Introduced Property Data Collector Independence Requirements, and clarified credit report requirements for Borrowers with military addresses, these updates are applicable to mortgages sold under the MPF Xtra product.
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MPF Announcement 2023-62
Clarified acceptable uses of limited cash-out refinance proceeds, revised borrower eligibility requirements for limited cash-outs, and clarified exceptions to the cash-out refinance seasoning requirements.
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MPF Announcement 2023-61
Fannie Mae updated eligibility requirements for condo projects, limited cash-out refinance transactions, and incorporated age of loan eligibility requirements, all of which are applicable to mortgages sold under the MPF Xtra product.
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MPF Program Announcements 2023-S06
This document summarizes multiple MPF Program Announcements being published on this date.
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MPF Announcement 2023-60
As previously announced in MPF Marketing Bulletin 2023-06, updated the MPF Guides by replacing references "Credit Enhancement Fee" with "Credit Enhancement Income".
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MPF Announcement 2023-59
Updates made to the Program Guide to provide more clarity around reporting to both the MPF Bank and MPF Provider.
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MPF Announcement 2023-58
MPF Program Custodian Required.
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MPF Announcement 2023-57
Updated COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans by adjusting the loan modification interest rate.
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MPF Announcements 2023-56
Updates made to the Traditional Selling and Servicing Guides to align with industry standards regarding requirements during borrower enrollment in any Address Confidentiality Program.
