Clarified project standard requirements concerning delinquent special assessment dues, condominium hotel/motel ineligibility, prelitigation activities, projects in need of critical repairs, and updated the list of ineligible...

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.

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.

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.

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...

This document summarizes multiple MPF Program Announcements being published on this date.

As previously announced in MPF Marketing Bulletin 2023-06, updated the MPF Guides by replacing references "Credit Enhancement Fee" with "Credit Enhancement Income".

Updates made to the Program Guide to provide more clarity around reporting to both the MPF Bank and MPF Provider.

MPF Program Custodian Required.

Updated COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans by adjusting the loan modification interest rate.