MPF Xtra Selling Guide Updates
Effective Date: Immediately (Unless Otherwise Noted)
On January 30, 2018, Fannie Mae issued Selling Guide Announcement SEL-2018-01, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Federal Tax Installment Plans
- Detached Condo Projects
- Minor Litigation on Projects
- Field Reviews for Properties Valued at $1,000,000 or More
- Second Appraisals
In conjunction with this Selling Guide update, MPF Xtra Exhibit Q-X has been updated to reflect the retirement of Special Feature Code 917 that was previously required for site condos.
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.