MPF Announcement 2024-02

MPF Traditional – Specialized Loan Servicing (SLS) Update

Effective Date: Immediately (unless otherwise noted)

Effective immediately, the seasoning requirement for SLS Servicing Released mortgage loans has been updated to reflect that PFIs may sell to the MPF Bank either i) newly originated Serviced Loans with the first payment due to SLS or ii) Serviced Loans with up to two (2) payments applied.

For additional information, see Chapter 3.3.1 of the SLS Whole Loan Servicing Transfer Manual for MPF Traditional (Exhibit W).