MPF Announcement 2025-72

MPF Xtra Selling Updates – FNMA SEL-2025-07

Effective Date: Immediately (unless otherwise noted)

Fannie Mae published SEL-2025-07 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:

• Retirement of “appraisal waiver”:
  • To more accurately reflect the evolving role of valuation solutions, the term “appraisal waiver” will no longer be used in conjunction with “value acceptance.”
• Rescission of reconsideration of value components:
  • Revised two requirements of the framework for a borrower-initiated reconsideration of value. 
• Expansion of MH Advantage:
  • Expanding eligibility requirements to include single-width MH Advantage^® homes.
• Establishing borrower ownership interest – life estates:
  • Updated the requirements to clarify fee simple ownership of a security property held in a life estate under property law as an eligible form of property ownership.

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.

• MPF Customer Service Portal
• MPF-Help@fhlbc.com
• Phone: (877) 345-2673