MPF Xtra Selling Guide Updates
Effective Date: Immediately (Unless Otherwise Noted)
On February 27, 2018, Fannie Mae issued Selling Guide Announcement SEL-2018-02, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Business Continuity and Disaster Recovery
- Age of Documents for Loans Impacted by a Disaster
- Compliance with Laws and Responsible Lending
- Clarification to Signature Requirements for Mortgages to Inter Vivos Revocable Trusts
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.