MPF Xtra Selling Guide Updates
Effective Date: Immediately (unless otherwise noted)
Fannie Mae recently issued Selling Guide Announcement SEL-2021-09 which covered the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Updated homeownership education and counseling providers to allow qualified third-party providers to administer homeownership education and counseling and no longer require the sole use of Framework®. Effective: January 1, 2022.
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.
- MPF Announcement 2021-72