MPF Announcement 2018-3
MPF Xtra Selling Guide Updates
Effective Date: Immediately (Unless Otherwise Noted)
On December 19, 2017, Fannie Mae issued Selling Guide Announcement SEL-2017-10, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Underwriting Borrowers with Frozen Credit
- Texas Section 50(a)(6) Loans
- Use of Premium Pricing
- Cash-Out Refinance Waiting Periods for Properties Owned by Limited Liability Corporations
- Representation and Warranty Relief for Loans Impacted by a Disaster
- Consolidation of Ownership and Retention of Loan Files and Records
To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcement plus any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcement.