MPF Announcement 2020-74

Updates and Clarifications to the MPF Government MBS Selling Guide

Effective Date: Immediately  

Section 2.2 - Maximum Loan Limits

• Updated the maximum loan limits to reflect the permissible loan amount eligible for securitization in the 2020 calendar year are net of any financed mortgage insurance premium or funding fee as reflected on the Note.
• Clarified the guidance to indicate the annual loan limits relate to the MBS “issuance date” rather than to the funding date of the loan.

To gain a full understanding of these topics, PFIs and Servicers should review the applicable MPF Government MBS Selling Guide chapters.