MPF New Low Loan Balance Pricing Option for MPF Xtra
Effective Date: October 2, 2023
Effective October 2, 2023, the Mortgage Partnership Finance® (MPF®) Program will offer Participating Financial Institutions (PFIs) a new “Fixed 30 Yr 275K Max Ln Amt” pricing option under the MPF Xtra® product for both Mandatory and Best Efforts Delivery Commitments (DCs). While the existing Fixed 30 Year schedules will continue to be available, the additional pricing schedule may provide pricing advantages for loans below the loan amount of $275,000.00.
The additional pricing option will be available along with the existing pricing schedules on the eMPF® website, and will also be reflected in your Product Pricing Engines (PPEs).
If you have any questions regarding the new pricing option or the DC creation process, contact the MPF Service Center at (877) 345-2673.
- MPF Marketing Bulletin 2023-09