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MPF Xtra Selling Updates – FNMA SEL-2026-05
Effective Date: Immediately (unless otherwise noted)
Fannie Mae published SEL-2026-05 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
- Updates to remote online notarization requirements:
- Revised requirements related to loans aligning with MISMO RON standards.
- Removed the requirement for sellers and servicers to maintain video recordings of the remote notarial ceremony for RON loans.
- Updated the minimum standards for confirming borrower identity
Effective: Immediately and apply to loans closed on or after May 6, 2026.
- IRS tax installment agreements:
- Tax installment agreements may be considered when calculating the monthly debt obligations.
Effective date: The change will be effective for new loan casefiles created on or after June 27, 2026.
Updates to the MPF Xtra Guides will be published shortly.
Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra.
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: [email protected]
- Phone: (877) 345-2673