MPF Announcement Summary 2024-S09
MPF Servicing Announcements
Date: 8/6/2024
This document summarizes 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 Traditional
MPF Announcement 2024- 51: MPF Traditional Government Loans – Loss Mitigation Updates
Updated the MPF Traditional Servicing Guide to incorporate the eligibility of MPF Traditional Government loss mitigation options.
MPF Government MBS and Traditional
MPF Announcement 2024-52: MPF Government Loans – Veterans Affairs Servicing Purchase (VASP) Program
The MPF Program is publishing guidance for Servicers, as Servicers begin to implement the VASP loss mitigation option.
MPF Xtra®
MPF Announcement 2024-53: MPF Xtra Servicing Updates – FNMA SVC-2024-04
Fannie Mae updated their guide to provide further clarification related to expense reimbursement policies.
Upcoming Webinars
Reviewing Properties with Solar Panels
Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. In this 30-minute webinar, we will touch on how these fixtures can impact the mortgage underwriting and approval process.
Thursday, August 15th
NEW! MPF University Welcomes MGIC - Analyzing Self-Employed Borrowers: Overcoming Tough Challenges
This webinar is for those of you who are comfortable building income from tax returns. Calculating the qualifying income of a self-employed borrower is often challenging but throw an extraordinary or unusual event into the mix, and it becomes daunting! Let us help you identify where to start, what additional documentation is needed, and how to analyze income trends.
To register for upcoming webinars and view our on-demand webinar library please visit the following link: https://www.fhlbmpf.com/education/upcoming-webinars
*All webinars begin at 1 p.m. CT
- References:
- MPF Servicing Announcement S09
