MPF Xtra Selling – Delivery Commitment Clarifications
Effective Date: Immediately (unless otherwise noted)
Updated the following delivery commitment guidance:
- Clarified that delivery commitments may be reduced or extended via eMPF® or by contacting the MPF Service Center.
Updated the current pricing adjustments for best efforts delivery commitments to align with Fannie Mae and accurately reflect the current process by replacing worse-case pricing adjustments with duplicate commitment price adjustments.
Updated the acceptable loan term eligible for best efforts delivery commitments and mandatory delivery commitments to incorporate nonstandard amortization (odd) terms.
For additional information see 13.2 Establishing a Mandatory Delivery Commitment and 13.3 Establishing a Best Efforts Delivery Commitment
- MPF Announcement 2023-76