MPF Xtra Selling Guide Updates Due to Retirement of DU Refi Plus Program
Effective Date: September 1, 2019
In July 2019, MPF Announcement 2019-38 was published and reminded PFIs that Fannie Mae is retiring the DU Refi Plus Program in accordance with the Home Affordable Refinance Program (HARP).The deadline to deliver outstanding DU Refi Plus and Refi Plus mortgage loans into the program was September 1, 2019.
Based on the program expiration of DU Refi Plus and Refi Plus, we have removed all references to these loans from the MPF Xtra Selling Guide.
As mentioned in MPF Announcement 2019-38, Fannie Mae has replaced the DU Refi Plus Program with the High Loan-to-Value Refinance option. PFIs should note that the MPF Program is not accepting High Loan to Value Refinance loans at this time. The MPF Xtra Selling Guide has been updated to reflect this.
- MPF Announcement 2019-47