MPF Announcement Summary 2025-S03

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.

MPF Traditional

MPF Announcement 2025-15: MPF Traditional Selling – Clarified Unacceptable Types of Income

The Selling Guide was clarified to include a list of the unacceptable types of income.

MPF Announcement 2025-16: MPF Traditional Selling – Limited Cash-out Refinances

Updated Guide to incorporate additional exceptions to the borrower ownership requirement

MPF Xtra

MPF Announcement 2025-17: MPF Xtra Selling Updates – FNMA SEL-2025-01

Fannie Mae published SEL-2025-01 which covers the following topics, Desktop Underwriter Version 12.0 policy updates, Hybrid appraisal expansion and DU validation service – military income and Risk factors evaluated by DU.

Upcoming Webinars

Wednesday, February 19th

In this foundational session presented by Radian, you will learn how to calculate the most basic types of income including: base income, hourly pay including overtime, commission, bonus income, and tip income.

Tuesday, February 25th

The MPF Provider presents a webinar on condominium project eligibility under the MPF Program. The differences between a condominium, PUD and detached site condominium are explained, along with the different methods for reviewing projects. Both limited and manual review requirements will be discussed.

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

Reminders

The MPF Program updated the MPF QC Documentation Checklist and converted it to Form OG4.

For questions or assistance, please contact the MPF Service Center by using one of the following options: