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MPF Xtra Selling Updates – FNMA SEL-2026-06
Effective Date: Immediately (unless otherwise noted)
Fannie Mae published SEL-2026-06 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra product:
Retirement of rural high-needs value acceptance
- To eliminate redundancy between Value Acceptance + Property Data and rural high-needs value acceptance, Fannie Mae retired rural-high needs value acceptance and removed all references to it.
- Desktop Underwriter® (DU®) loan casefiles created on or after June 27, 2026, will no longer receive the rural high-needs value acceptance offer, but may be eligible for Value Acceptance + Property Data.
Effective date: Immediately
Authorized user tradelines
- Clarified the treatment of authorized user tradelines for loans that receive a DU Approve/Eligible recommendation. For these loans, PFI’s are not required to perform any additional investigation into the borrower's credit history unless instructed by DU.
Effective date: The authorized user tradeline message issued in DU will be updated to reflect this clarification for DU Version 12.1 loan casefiles submitted or resubmitted on or after the evening of June 26, 2026.
Miscellaneous update
- IRS Form 8821 may be an acceptable alternative to IRS Form 4506-C to obtain tax transcripts required for the loan file and that the borrower must sign an authorization expressly permitting the lender to disclose such IRS-derived information to Fannie Mae when alternatives to IRS Form 4506-C are used.
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: MPF-Help@fhlbc.com
- 877.345.2673