MPF Announcement 2023-48

MPF Government MBS – Release of Documents Reporting Reminder

Effective Date: Immediately (unless otherwise noted)

Clarified reporting obligations when a Servicer has received documents from the Collateral File from the MPF Government MBS Custodian (Custodian).

The MPF Provider will notify Servicers on a monthly basis regarding Collateral Files that have been released for non-liquidation purposes for more than ninety (90) days.

Servicers are required to respond to the MPF Provider within one business day of receipt of notification and must provide a reason why the Collateral File has not been returned to the document Custodian.

As a reminder, when items from the Collateral File are needed, the Servicer must submit a Request for Release of Documents (Form SG340-M) to the Custodian.

For additional information, refer to Section 1.8.5: Release of Documents of the MPF Government MBS Servicing Guide.