Updated list of Ineligible Transactions, Products, or Attributes and clarified MPF Program Requirements that supersede Fannie Mae/DU and Freddie Mac/Loan Product Advisor requirements.

Updated the policy for using income earned from a trust towards qualifying.

Updated personal gifts policy to include requirements when the gift donor is the seller of the property and when the source of the gift is an estate or trust.

The American Land Title Association (ALTA) released 2021 revisions to their loan policy forms. The MPF Traditional Selling Guide was updated to reflect the use of these updated forms.

The MPF Traditional (conventional) workout options are being updated to reflect updated guidance and clarity for certain existing options and adding new options.

Matt Gerber, Vice President, Mortgage Lending, explains why Royal Credit Union partnered with the FHLBank Chicago’s MPF Program to diversify their mortgage product offerings

The MPF Program will observe the 2024 holiday schedule, based in part on the Securities Industry and Financial Markets Association® (SIFMA®) recommended operating calendar for 2024.

New Enhancements Coming to the MPF® Customer Service Portal

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

This document contains multiple MPF Servicing Announcements being published on this date.