MPF Announcement 2025-83
MPF Xtra Selling Updates – FNMA SEL-2025-08
Effective Date: Immediately (Unless otherwise noted within)
Fannie Mae published SEL-2025-08 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
Fannie Mae published SEL-2025-08 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
- Rental Income Update
- Updated requirements specific to rental income allowing ADU income to be considered towards qualifying income.
Effective: Desktop Underwriter® version 12.1 will be updated in Q1 2026, to include eligibility for ADU rental income. These changes can be implemented immediately for loans that are eligible for manual underwriting
- Uniform documentation requirements and additional updates
- Updated documentation requirements for loans with rental income reported on partnership or S corporation federal business tax returns using Form 8825 with those applicable to rental income reported on Schedule E of federal personal tax returns.
Effective: These changes can be implemented immediately but must implemented for all applications dated on or after Feb. 1, 2026
- Allowable Cash Back:
- The amount of cash back that may be provided directly to the borrower (or other recipient) may not exceed the greater of 1% of the UPB of the new loan or $2,000.
To gain a full understanding of these topics, 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:
- MPF Announcement 2025-83
