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MPF Government MBS Security Interest Clarification
Effective Date: Immediately (unless otherwise noted within)
The MPF Program has updated the MPF Government MBS Selling and Servicing Guide to clarify that PFIs and Servicers must ensure that each mortgage loan is free of any security interest, beneficial interest, or other encumbrance arising from any past or future assignment, pledge, hypothecation, or transfer of the MPF Bank’s rights, title, or interest in the mortgage.
For additional information refer to MPF Government MBS Selling Guide Section 2.1.3 Ineligible Products or Attributes and MPF Government MBS Servicing Guide Section 1.8.8 Lien Priority.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- Email: [email protected]
- Phone: (877) 345-2673