Pursuant to Fannie Mae SEL-2023-04, updates applicable to mortgage sold under the MPF Xtra product, including shared appreciation requirements, eligibility requirements for subordinate liens, and alternative tax filing...

Updates have been made to the MPF Traditional Selling Guide to clarify PFIs responsibilities while a government mortgage loan is pending receipt of the loan guaranty or mortgage insurance certificate from the applicable...

Updates have been made to the MPF Traditional Selling Guide regarding the ineligibility of agricultural properties and shared equity transactions.

Updates have been made to the MPF Traditional Selling Guide to clarify the mortgage insurance requirements for mortgage loans underwritten with automated underwriting system.

Updates made to the MPF Traditional Guide pertaining to right of first refusal and resale restrictions during possible default.

Updates have been made to the Traditional Selling Guide to provide clarity around the requirements for existing subordinate finances and for condos or PUDs as second homes.

Updates to the MPF Traditional Selling Guide to permit alternative documentation for IRS Form 4868 as evidence the Borrower has filed an extension for the prior year’s tax returns.

Effective immediately, PFIs delivering documents to the MPF Government MBS Custodian, Deutsche Bank National Trust Company (DBNTC), must include the department name on the shipping label.

Effective immediately, the MPF Program is changing the name of the "Credit Enhancement Fee" to "Credit Enhancement Income", to more accurately reflect the nature of the fee, which is earned income for PFIs.

Updates made which rescind the DTI ratio-based LLPAs originally scheduled to be effective for loans funded on or after August 2, 2023.