MPF Announcement 2023-75

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 2.2.2.1 Re-Amortized Mortgage Loans of the MPF Traditional Selling Guide.