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MPF Xtra Selling Guide Updates
Fannie Mae recently published an update to Lender Letter LL-2021-10, expanding the eligibility for the RefiNow option, which includes the following updates:
- Aligned requirements for waiver of project review with Selling Guide policy. In line with FNMA LL-2026-03 and FNMA SEL-2026-07
Effective: These clarifications are effective immediately and apply to manually underwritten loans and DU Version 12.1 loan casefiles. The RefiNow project review message in DU will be updated the evening of September 25, 2026 to reflect these clarifications.
As a reminder, in order for RefiNow to be delivered into the MPF Program, PFIs will need to follow the additional guidelines and operation details provided below:
- Please note that the MPF Program has opted to place a Desktop Underwriter (DU®) requirement on all MPF Xtra RefiNow deliveries. Although FNMA’s guidelines allow for the use of manual underwriting, the MPF program will require a Desktop Underwriter (DU®) Approve/Eligible AUS recommendation for all RefiNow loans sold into MPF Xtra.
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