Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I currently sell to Fannie Mae, Freddie Mac, or Ginnie Mae. Do I need to do anything different to my processes to sell loans through MPF?

April 26, 2017Currently different Fannie Mae freddie mac Ginnie Loans Mae MPF Processes sell

0

Posted

I currently sell to Fannie Mae, Freddie Mac, or Ginnie Mae. Do I need to do anything different to my processes to sell loans through MPF?

1 Answer

0

Posted

Very little, but there are some minor differences between the MPF program and other secondary-market agencies. These differences relate to the credit-enhancement process, which is discussed in the descriptions of each product offered through the MPF program. Currently, the Federal Home Loan Bank of Boston (the Bank) accepts closed loan sales. The MPF program has electronic capabilities for sending and receiving data and reports as well as direct deposits or debits of funds to your account.