MPF Xtra Mortgage Insurance Updates
Effective Date: Immediately (unless otherwise noted)
Fannie Mae issued Lender Letter LL-2021-06 which announced updates the following mortgage insurance requirements and lists:
- Updated the MassHousing Mortgage Insurance Fund’s Loan Loss Reserve Agreement, Commitment/Certificate, and Mortgage Payment Protection Endorsement Forms.
The updated Forms are required for loans with application dates on or after April 1, 2021 that are covered by the Fund.
- Updated the List of Approved Mortgage Insurance Forms
To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Lender Letter plus any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcement.
- MPF Announcement 2021-24