MPF Traditional Selling – Principal Curtailments
Effective Date: Immediately (unless otherwise noted)
Updated the MPF Traditional Selling Guide to incorporate guidance regarding permissible principal curtailments prior to mortgage loan delivery.
Mortgage loans that are re-amortized due the application of a principal curtailment received from the Borrower are eligible for delivery provided they meet the requirements of the Guide.
For additional information see section 2.2.2 Principal Curtailments and 188.8.131.52 Re-Amortized Mortgage Loans of the MPF Traditional Selling Guide.
- MPF Announcement 2023-75