MPF Program Announcements 2023-S10

MPF Program Announcements

Date: October 5, 2023

This document contains multiple MPF Program Announcements being published on this date. 

PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.

MPF Announcement 2023-79: Electronic Signatures and Notarization Standards

Updates made to the MPF Program Guide clarifying requirements for electronic signatures, electronic records, and notarization standards.

MPF Announcement 2023-80: MPF Program Legal Compliance Update

MPF Program Guide update clarifying obligation to comply with fair lending and fair servicing related guidance issued by state and federal regulators, in addition to fair lending and equal opportunity laws.

Reminders:

MPF Program would like to remind PFIs and Servicers that the MPF Program policies related to delivery and servicing of mortgage loans affected by major disasters are included in the product specific MPF Selling/Servicing Guides.

Upcoming Webinars:

Wednesday, October 11^th – The MPF Xtra® Product: Getting to Know the HomeReady® Option

The HomeReady® option under the MPF Xtra® product is a great way to increase homeownership opportunities for low-to-moderate income borrowers. In this webinar, we will be providing an overview of the HomeReady option. The information covered will provide you with the knowledge you need to recognize when a borrower could benefit from the HomeReady option. We will also cover the underwriting flexibilities available under HomeReady as well as what it takes for borrowers to qualify.

Monday, October 16^th – MPF University Welcomes Radian: Not Your Ordinary Income

This webinar is designed to be an introduction into the more complex income types that can be used to qualify your borrower, including non-taxable income.

Please visit the following links to register for upcoming webinars and view our on-demand webinar library.

*All webinars begin at 1 p.m. CT