MPF New Low Loan Balance Pricing Option for MPF Xtra

The MPF Program has updated MPF Exhibit AA-X: MPF Xtra Payment Deferral (PD2023) Request – Instructions to reflect the updated eligibility payment deferral criteria published in Fannie Mae Lender Letter LL-2023-04.

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

Fannie Mae updated personal gifts and gifts of equity requirements, clarified 3D printed homes eligibility and updated trust income policy, these updates are applicable to mortgages sold under the MPF Xtra product.

Clarified delivery commitment guidance to reflect the current process for extending or reducing commitments, pricing adjustments, and acceptable loan term eligible for best efforts and mandatory delivery commitments.

Incorporated guidance regarding permissible principal curtailments prior to mortgage loan delivery.

MPF Traditional Selling Guide update clarifying occupancy restriction requirements.

PFIs are alerted of potential and active mortgage fraud scenarios, involving misrepresented borrower profiles in multiple loans in order to abscond with significant sums of money during closing.

Greg Couture shares how Texas Tech Credit Union has made the dream of homeownership more realistic for many of their members by partnering with the MPF Program.

This document summarizes multiple MPF Servicing Announcements being published on this date.