• MPF Xtra
  • July 11, 2018

MPF Announcement 2018-37

MPF Xtra Selling Guide Updates
 

Effective Date: Immediately (Unless Otherwise Noted)

On June 5, 2018, Fannie Mae issued Selling Guide Announcement SEL-2018-05, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:

  • Inspection of Manufactured Homes with Structural Modifications 
  • Project Standards Updates 
  • Desktop Underwriter® (DU®) Bankruptcy and Mortgage Delinquency Assessment 
  • Multiple Appraisals

PFIs should note that the MPF Program is not accepting MH Advantage™ Properties at this time.

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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