“Created to Serve Community Lenders” |
| John Stocchetti Executive Vice President & Group Head, Mortgage Partnership Finance Group and Project Management Office | Reflecting on 20 Years of the MPF Program This year marks the 20th anniversary of the MPF Program—a time to appreciate our progress and look to the future. To kick off the celebration, MPF in Focus asked Executive Vice President John Stocchetti to discuss the program’s founding philosophies, its resilience during difficult times, and its continued relevance in a changing marketplace. |
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Simplify Your Annual Eligibility Certification |
4 Tips for a Smooth Certification Process This year’s MPF Program Annual Eligibility Certification (AEC) process deadline is January 31, which means PFIs will need to act fast. Fortunately, we’ve taken steps to simplify the process, and there are ways you can smooth it even further. |
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In with the New |
February Is Go-Time for MPF Xtra® Investor Reporting Changes By now, you’ve heard about the upcoming MPF Xtra investor reporting changes. Your institution has chosen a reporting method (daily, monthly, or monthly with limited daily reporting). Now, all that remains is the transition. February will be challenging because the two investor reporting systems will overlap: the January cycle will close out under the old system, while the February cycle will begin with the new. Preparing now will go a long way toward ensuring a smooth transition next month. |
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A Voice for PFIs |
The MPF Advisory Council Helps Shape the Program’s Future The MPF Program created the MPF Advisory Council in 2012 to establish a direct dialogue with PFIs and to benefit from their insights into local market conditions and their experiences with the program and its products. The council meets in Chicago twice each year and includes 18 members, two selected by each Federal Home Loan Bank. Here, we highlight the perspectives of two members who have served on the MPF Advisory Council since its inception: Steve DeRaddo, Executive Vice President of Lyons, NY-based LNB Banking, and Judy Dodier, Senior Vice President of Home Financing for Lowell, MA-based Align Credit Union. |
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Legal Notes |
The MPF Program continually reviews mortgage-related industry and legal developments. Below are links to recent developments for your reference. Please address any questions you have about these topics to your compliance team or legal counsel. |
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Upcoming Webinars |
To register for one of the MPF Program’s complimentary webinars, click on a date below. You can also find a calendar of upcoming webinars in the Education section of the MPF Program website at www.fhlbmpf.com.
Wednesday, January 18 MPF Xtra Investor Reporting: What to Expect in February 2017 Thursday, January 19 The MPF Program Annual Eligibility Certification Process: Submitting Forms OG1 and OG2 Wednesday, January 25 MGIC Presents: Processing Mortgage Applications Thursday, January 26 MPF Xtra Investor Reporting: What to Expect in February 2017 Wednesday, February 8 MGIC Presents: Basics of Self-Employed Borrower Income Analysis Wednesday, March 8 MGIC Presents: Advanced Self-Employed Borrower Income Analysis On-Demand MPF Xtra: 2017 Investor Reporting Changes |
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Reminder: Get Ready for the Uniform Closing Dataset (UCD) |
UCD Files Will Be Required Starting in Q3 2017 As of September 25, 2017, PFIs who deliver loans under the MPF Xtra product will be required to submit a UCD file for each loan directly to Fannie Mae using its collection service. Here are some excellent ways to ensure your institution is well prepared. |
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Follow Us on LinkedIn |
The MPF Program has a new LinkedIn page—Mortgage Partnership Finance Program—where we will post news and announcements. Click on the LinkedIn icon, then on the yellow “Follow” button in the top-right corner of the page. |
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2017 National Conferences |
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Events
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View all of the upcoming events and webinars on our calendar.
› View Calendar |
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