Extension to Initial Term of Master Commitments for MPF Xtra, MPF Government MBS and MPF Traditional (Government) Loans
Effective Date: November 24, 2020
The MPF Program is pleased to announce that we have extended the initial term of Master Commitments for the following products:
- MPF Xtra
- MPF Government MBS
- MPF Traditional (Government)
Previously, the initial term for Master Commitments for MPF Loans delivered under these products was a minimum of three (3) months and capped at twelve (12) months. Effective immediately, at the discretion of the MPF Bank, initial terms of a Master Commitment may be a minimum of three (3) months to five (5) years with a renewal term of up to an additional five (5) years. Term limits for the MPF Traditional (Conventional) product remain unchanged.