MPF Program Announcements
Date: January 31, 2024
PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.
MPF Announcement 2024-09: MPF Program – Repurchase Requirements
Incorporated a list of mortgage loan requirements that must be met, failure to meet the requirements will be subject to a mandatory repurchase.
MPF Announcement 2024-10: MPF Program – Privacy and Data Protection Updates
Clarified that PFIs and Servicers must continually maintain and protect customer data following the termination of their rights.
Thursday, February 8th – What’s Trending in MPF Program Quality Control?
Have you ever wondered what kind of exceptions the MPF® Quality Control department sees on both a regular and not so regular basis? In this presentation, we will offer insight into some recent and on-going situations encountered by the MPF QC Department. Current examples will be provided along with guidance on how to prevent these exceptions from happening in the future. In addition to covering QC exception trends, the MPF Program requirements for a successful in-house QC review program will be included, along with ideas to improve overall file quality.
Wednesday, February 14th – The Document Release Process for MPF Traditional and MPF Xtra Products
The MPF Program custodian is responsible for holding loan documents and the timely release of those documents once a loan has been paid off or liquidated. This webinar will cover the process for requesting documents back from the custodian along with the set timeframes that are required for returning those documents. The Request for Release of Documents (Form SG340) will be covered along with information on how to retrieve loan level data and Fannie Mae loan numbers through the eMPF website.
*All webinars begin at 1 p.m. CT
- PFIs and Servicers are required to complete Forms OG1 and OG2 as part of the Annual Eligibility Certification (AEC) process. Forms OG1 and OG2 are now available on the eMPF website and are due by January 31, 2024. Please refer to MPF Announcement 2023-99 for additional details.
- MPF Program Announcements S02