MPF Program Guide Updates-Compliance Requirements
Effective Date: Immediately (unless otherwise noted)
Updates have been made to the MPF Program Guide regarding the following:
- PFIs and Servicers reporting requirements regarding penalties, enforcement actions, or any other instances of non-compliance related to legal requirements.
- PFIs and Servicers responsibility during the repurchase process for MPF Traditional loans.
- PFIs and Servicers requirements to report escalations of borrowers or regulator complaints regarding fair lending or fair servicing disputes or other such instances of potential fair housing violations or possible discrimination.
For additional guidance, refer to the MPF Program Guide Chapter 3.5.4, PFI and Servicer Responsibility, Chapter 6.13, Borrower Inquires, and Chapter 7, Compliance with Laws.
- MPF Announcement 2023-45