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MPF Traditional Selling – Income Assessment Updates
Effective Date: September 1, 2026
The MPF Program has updated the Income Assessment section of the MPF Traditional Selling Guide to improve clarity and consistency in income evaluation requirements.
The revised requirements are set forth in Section 5.3 Income Assessment (For Mortgage Loan Applications on or After September 1, 2026).
PFIs are encouraged to follow the updated requirements prior to the mandatory effective date and must apply them to all mortgage loan applications received on or after September 1, 2026.
To support implementation and allow Originators to complete pipeline loans, the prior income assessment requirements will remain effective for mortgage loan applications dated before September 1, 2026, as outlined in Chapter 5. Underwriting the Borrower (Effective for Mortgage Loan Applications prior to September 1, 2026).
During the transition period, Originators may apply either income assessment section in its entirety; however, combining or selectively applying requirements from both versions is not permitted.
Given the extent of these revisions, an attachment to this Announcement provides a detailed summary of the updates.
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