MPF Xtra Selling Guide Updates
Effective Date: Immediately (unless otherwise noted)
On August 5, 2020 Fannie Mae issued Selling Guide Announcement SEL-2020-04 which covered the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Clarified the underwriting and appraisal requirements associated with different financing structures used for the purchase of solar panels.
- Updated representations and warranties framework for loans in forbearance, which the MPF Program will extend to applicable MPF Xtra loans.
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcement and any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcements.
- MPF Announcement 2020-51