MPF Announcement 2018-45
MPF Xtra Selling Guide Updates
Effective Date: Immediately (Unless Otherwise Noted)
On September 4, 2018, Fannie Mae issued Selling Guide Announcement SEL-2018-06, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Renaming of Property Inspection Waivers
- Rural High-Needs Appraisal Waiver
- Liability and Fidelity/Crime Insurance for Projects
- Single-Entity Ownership of Co-op Projects
- Approved Mortgage Insurers List and Mortgage Insurance Forms
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcement plus any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcement.
Reference:
Fannie Mae Selling Guide Announcement SEL-2018-07
- References:
- MPF Announcement 2018-45