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MPF Xtra Selling Updates – FNMA SEL-2026-02
Effective Date: Immediately (unless otherwise noted)
Fannie Mae published SEL-2026-02 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
- Income assessment policy updates and clarifications have been updated to introduce new policies, policy changes and clarifications to improve clarity and consistency.
Effective date: Originators may apply these changes immediately but must do so for loans with application dates on or after June 1, 2026.
- Texas Section 50(a)(6) appraisal requirements
- Policy clarifications that allow PFI’s to use a desk review or field review to address deficiencies identified in new appraisals obtained in connection with Texas Section 50(a)(6) loans.
Effective date: Immediately
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) 345-263