• MPF Xtra
  • June 15, 2021

MPF Announcement 2021-44

MPF Xtra Selling Guide Updates

Effective Date: Immediately (unless otherwise noted)

Fannie Mae recently issued Selling Guide Announcement SEL-2021-04 which covered the below referenced topics that are applicable to loans sold under the MPF Xtra product:

  • Enhanced post-closing quality control collateral risk assessment requirements.
  • Updated Desktop Underwriter┬« casefile archive policy.
  • Miscellaneous update to address tax filing extensions published by the IRS.

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.

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