MPF Program Announcements 2023-S03

MPF Program Announcements

This document contains multiple MPF Program Announcements being published on this date. 

PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.

MPF Announcement 2023-45: MPF Program Guide Updates-Compliance Requirements

The MPF Program has made the following updates:

• Updates made to reporting requirements regarding penalties, enforcement actions or other non-compliance relating to legal requirements
• Updates made to the PFI and Servicers responsibility during the repurchase process for MPF Traditional loans
• Updates made to reporting of escalations regarding fair lending or fair servicing disputes, violations of fair housing, or possible discrimination

MPF Announcement 2023-46: MPF Program Guide Update – Credit Enhancement Income

Updated the MPF Program Guide and MPF Glossary by replacing the references to "Credit Enhancement Fee" with "Credit Enhancement Income".

MPF Announcement 2023-47: MPF Program Clarification of QM Requirement

The MPF Program Guide is being updated to ensure clarity as to eligibility for certain loans secured by investment properties exempt from the Qualified Mortgage/Ability to Repay requirements, that meet the specific MPF product eligibility requirements.

Upcoming Webinars

Thursday, June 29^th, How Well Do You Know MPF Xtra/Fannie Mae Underwriting Guidelines? This webinar will provide a fun way to test your knowledge of the MPF Xtra product underwriting guidelines. There will be quiz questions on various underwriting scenarios as well as some MPF Program trivia.

Monday, July 10^th – MPF University Welcomes Radian: Reviewing Rural Property Appraisals

Rural property appraisals can be complicated. In this session we combine Fannie Mae guidelines and active group dialogue to simplify this appraisal report.

Thursday, July 13^th – How Well Do You Know MPF Traditional Product Underwriting Guidelines?

This webinar will provide a fun way to test your knowledge of the MPF Traditional underwriting guidelines. There will be quiz questions on various underwriting scenarios as well as some MPF Program trivia.

Please visit the following links to register for upcoming webinars and view our on-demand webinar library.

*All webinars begin at 1 p.m. CT