MPF Traditional: New Requirements for Manually Underwriting Borrowers.

This document summarizes multiple MPF Servicing Announcements being published.

Pursuant to Fannie Mae SVC-2023-02, updates to compliance with requirements and laws, website references for Disaster Response Network and Know Your Options, and Borrower-facing documents due to recently announced payment...

Clarified Servicers reporting requirements when a Collateral File has been released to the Servicer for non-liquidation purposes for more than ninety (90) days.

Updates and clarifications are being made to MPF Traditional requirements for contacting borrowers, including guidance on QRPC purpose and timing. Changes are effective June 1, 2023, but may be implemented earlier.

MPF Xtra – Payment Deferral and Other Updates.

Updated the permissible modified term eligible for re-delivery for FHA mortgage loans. Servicers must meet the requirements of the MPF Traditional Servicing Guide to ensure a repurchased FHA mortgage loans is eligible for...

New MPF Program Announcement Format

MPF Traditional Selling Guide Updates-Cash-out refinance seasoning requirement updates.

MPF Xtra Selling Guide Updates-LLPAs updated and postpones the effective date for the DTI ratio-based LLPAs.