MPF Selling Announcements 2024-S10

Date: August 27, 2024

This document summarizes MPF Selling Announcements being published on this date.

PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.

All Products

MPF Announcement 2024-56: MPF Program – IRS Tax Transcripts

Updated the tax transcript policy to permit an alternative form in lieu of the 4506-C

MPF Traditional

MPF Announcement 2024-55: MPF Traditional – Rent-Related Credits

Updated policies and guidelines pertaining to rent credit with an option to purchase and rent-back credits

MPF Announcement 2024-58: MPF Traditional – Solar Panel Guide Updates

Updated Guide to include underwriting and appraisal requirements associated with different financing structures used for the purchase of solar panels

MPF Announcement 2024-61: MPF Traditional – Initial Certification Allonge Clarifications

Updated the MPF Traditional Initial Certification Review Checklist (Exhibit K) by clarifying allonge requirements.

MPF Government MBS

MPF Announcement 2024-57: MPF Government MBS – VA Refinance Transactions

Updated Guide to incorporate policies that have been previously communicated regarding the ineligibility of VA refinance transactions

MPF Xtra®

MPF Announcement 2024-59: MPF Xtra Selling Notice – Implementation date for Reconsideration of Value

Fannie Mae extended the implementation date by 60 days to provide more time for Originators to

develop and deploy the requirements of the ROV policy

MPF Announcement 2024-60: MPF Xtra Selling Updates – FNMA SEL-2024-05

Fannie Mae updated their selling guide to include revised policies and guidelines pertaining to rent

credit with an option to purchase and rent-back credit and other miscellaneous updates

Upcoming Webinars

Wednesday, August 28th

Manufactured homes have seen an increase of production over the past decade. With borrowers

looking for affordable options in today’s housing market, manufactured housing can be an attractive

option. In this webinar, you will learn about the primary characteristics of a manufactured homes.

We’ll discuss eligibility factors and important underwriting considerations.

Wednesday, September 4th

This webinar is designed for mortgage professionals looking to deepen their understanding of

business entities and how to calculate sole proprietor Schedule C self-employed income. This

session is perfect for those aiming to enhance their expertise in handling self-employed income.

To register for upcoming webinars and view our on-demand webinar library please visit the

*All webinars begin at 1 p.m. CT

Reminders

Section 2.3.4 Ineligible Transactions, Products, or Mortgage Loan Attributes and Section 4.3 Freddie Mac Loan Product Advisor® of the Xtra Selling Guide were cleaned up to reflect LPA not being eligible for delivery under MPF Xtra.

Updated the MPF Traditional Selling Guide by removing outdated references to Expedited (Streamline Refinances) from section 2.4.2 LTV Ratios and Occupancy Eligibility for Conventional Conforming Mortgage Loans.

In observance of Labor Day, the MPF Program will not accept Delivery Commitments or Fundings on Monday, September 2, 2024. Also, please note that in adherence to the SIFMA Bond Market Holiday Schedule, the MPF Program will NOT be closing early on the business day prior to the holiday, Friday, August 30, 2024.

Please visit the MPF Holiday Schedule for more details: https://www.fhlbmpf.com/mpf-guides/mpf-holiday-schedule