• MPF 125, MPF 35, MPF Original
  • March 21, 2024

MPF Announcement 2024-17

MPF Traditional – Underwriting the Borrower Clarifications 

Effective Date: Immediately (unless otherwise noted within)

Updated the MPF Traditional Selling Guide by:

  •  Removed the expired Chapter 5. Underwriting the Borrower (Effective for Mortgage Loan Applications prior to July 1, 2023). 
  • Revised introduction paragraphs in Chapter 5. Underwriting the Borrower, to clarify PFIs obligation of using verification standards pursuant to Regulation Z when manually underwriting Borrowers.

 For additional information refer to MPF Traditional Selling Guide – Chapter 5. Underwriting the Borrower. 

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