• MPF Xtra
  • September 10, 2020

MPF Announcement 2020-59

MPF Xtra Selling Guide Updates

Effective Date: Immediately (unless otherwise noted)

On September 2, 2020 Fannie Mae issued Selling Guide Announcement SEL-2020-05 which covered the below referenced topics that are applicable to loans sold under the MPF Xtra product:

  • Clarified accessory dwelling unit property eligibility requirements and updated comparable sales requirements for the appraisal.
  • Updated the Selling Guide based on common questions pertaining to non-occupant borrowers.

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.

Contact Us

MPF Service Center

(877) 345-2673