MPF Announcement 2025-43
MPF Xtra Selling Updates – FNMA SEL-2025-03
Fannie Mae published SEL-2025-03 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
- Interested party contributions and lender incentives:
- Updated the interested party contributions definitions, identified items excluded from financing concessions, clarified treatment of realtor rebates, clarified arrangements subject to the lender incentive policy ,and increased the lender incentive limit to $2,500, and clarified lender incentives from an interested party to be treated as a sales concession.
Effective Date: Originators are encouraged to implement these changes immediately but must do so for all loans with note dates on and after September 3, 2025.
- Updated the interested party contributions definitions, identified items excluded from financing concessions, clarified treatment of realtor rebates, clarified arrangements subject to the lender incentive policy ,and increased the lender incentive limit to $2,500, and clarified lender incentives from an interested party to be treated as a sales concession.
- Prorated real estate tax credit:
- Clarified the treatment of a prorated tax credit in underwriting.
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topic, PFIs should review the entire Fannie Mae Announcement and any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcements.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- Email: MPF-Help@fhlbc.com
- Phone: (877) 345-2673
- References:
