MPF Marketing Bulletin 2020-10

MPF Program – COVID-19 Communications

Effective Date: May 26, 2020

The MPF Program is actively monitoring reports about the potential impact of COVID-19 (coronavirus) on borrowers, PFIs and Servicers. We have communicated various investor updates and temporary policies via MPF Announcements and e-alerts to ensure our PFIs and Servicers receive the most up to date information and enable you to better assist borrowers impacted by COVID-19.

MPF Traditional Conventional Loans

The MPF Program has consolidated all COVID-19 related guidance for MPF Traditional conventional loans into 2 separate announcements. One announcement contains all origination related guidance and the second announcement contains all servicing related guidance. These announcements are ongoing and any updated and/or new guidance will be identified in red.

To review these announcements PFIs may refer to the COVID-19 Resource Center page located on our website.

General Resources

As a reminder:

• For MPF Government loans and MPF Government MBS loans PFIs and Servicers should follow policies and guidance issued by the applicable Government Agencies.
• For MPF Xtra loans PFIs and Servicers should follow policies and guidance issued by Fannie Mae.
• For MPF Direct PFIs and Servicers should follow policies and guidance issued by the product’s investor, Redwood Trust.

The MPF Program and its staff are here to serve our PFIs, and we wish you health and safety in these challenging times. Please contact the MPF Service Center with any questions or concerns (877-FHLB-MPF).