MPF Servicing Announcements
This document contains multiple MPF Servicing Announcements being published on this date.
PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.
MPF Announcement 2023-81: MPF Xtra Servicing Reminders
Servicers are reminded of accounting and reporting responsibilities with regard to curtailment payments, liquidation proceeds, reporting removal transactions, and late reporting fees.
MPF Announcement 2023-82: COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans
Adjusted the COVID-19 Loan Modification interest rate based on an evaluation of prevailing market rates, effective with evaluations on or after October 16th.
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.
Monday, October 16th – 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.
Thursday, October 19th – MPF® University Welcomes MGIC: 10 Questions to Ask When Reviewing a Sales Contract
A thorough review of the sales contract is crucial for an accurate loan package. Learn how identifying critical data in this document early can be the key to avoiding much larger problems later.
Tuesday, October 24th – Understanding Temporary Buydowns (Rescheduled)
Higher interest rates have prompted buyers to start considering temporary buydowns. In this 30-minute session, we will help you understand the mechanics of both a 2-1 and 3-2-1 buydown. These options are becoming increasingly popular and it’s important to understand them and how they can benefit your borrowers.
*All webinars begin at 1 p.m. CT
- MPF Servicing Summary Announcement 2023-S11