MPF Xtra Selling Guide Updates
Effective Date: Immediately (Unless Otherwise Noted)
On January 16, 2019 Fannie Mae issued Lender Letter LL-2019-02 which provides temporary guidance on selling policies for borrowers impacted by the federal government shutdown that began on December 22, 2018.
Lender Letter LL-2019-02 covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Liquid Financial Reserves
- Verification of Employment and Income
To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Lender Letter plus any applicable Fannie Mae Selling Guide chapters, forms, or exhibits noted in the announcement.
Fannie Mae Lender Letter LL-2019-02
- MPF Announcement 2019-09