MPF Announcement 2022-27

MPF Guide Clarifications for Repurchases

Effective Date: Immediately (unless otherwise noted)

To ensure clarity as to the limitations and requirements for voluntary purchases or repurchases of Mortgage Loans, and to ensure clarity around the process of purchasing or repurchasing Mortgage loans generally, the following Guide provisions have been updated:

• MPF Program Guide section 3.5 Purchase or Repurchase Requirements
• MPF Traditional Servicing Guide sections
  • 1.5 Repurchases;
  • 2.10.7 Mortgage Loan Payoffs and Liquidation Proceeds;
  • 2.12.4 Payoff and Liquidation Remittances;
• MPF Xtra Servicing Guide sections:
  • 1.5 Repurchases;
  • 2.10.3 Mortgage Loan Payoffs and Liquidation Proceeds;
  • 2.12.2 Payoff and Liquidation Remittances;