• MPF Xtra
  • January 11, 2018

MPF Announcement 2018-3

MPF Xtra Selling Guide Updates

Effective Date: Immediately (Unless Otherwise Noted)

On December 19, 2017, Fannie Mae issued Selling Guide Announcement SEL-2017-10, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:

  • Underwriting Borrowers with Frozen Credit
  • Texas Section 50(a)(6) Loans
  • Use of Premium Pricing
  • Cash-Out Refinance Waiting Periods for Properties Owned by Limited Liability Corporations
  • Representation and Warranty Relief for Loans Impacted by a Disaster
  • Consolidation of Ownership and Retention of Loan Files and Records

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.

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