MPF Traditional Mortgage Insurance Updates
Effective Date: Immediately (unless otherwise noted)
Clarified the MPF Traditional Selling Guide to indicate that mortgage loans underwritten with an automated underwriting system (AUS) must meet the mortgage insurance requirements of the applicable AUS, however, mortgage loans with reduced mortgage insurance coverage are not eligible for delivery.
See MPF Traditional Selling Guide Section 9.2.4 Special Mortgage Insurance Requirements.
- MPF Announcement 2023-39