MPF Announcement 2023-76
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.
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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.
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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
- References:
- MPF Announcement 2023-76