Product Comparison

Understanding the differences between our MPF^® Products is vital to your overall success in the program. Below you will find a comparison of our products based on a number of key features. Please do not hesitate to contact us if you have any questions.

MPF Product Features

MPF Product Features		MPF Traditional (125)	MPF Traditional (Original)	MPF Traditional (Government)	MPF Xtra^®
Benefits	Activity Stock Dividend
	Follows Agency Conforming Loan Amounts
	Access to Fannie Mae's Desktop Underwriter
Structure	Credit Enhanced: FHLBank and PFI Share Credit Risk
	First Loss Account: Basis Points	100 BPS Performance Based	4 BPS Guaranteed
	Credit Enhancement Obligation: Contingent Liability of PFI
	Credit Enhancement Income: Annualized	7 BPS Performance Based	9 BPS Guaranteed
	Loan Level Price Adjustments
	Delivery Commitments - Mandatory Available
	Delivery Commitments - Best Efforts Available
Underwriting	Loan Terms: Fully Amortizing, Up to 30-Year Fixed Rate
	Occupancy: Owner-Occupied
	Occupancy: Second Homes			See below*
	Occupancy: Investment Properties
	Private Mortgage Insurance Coverage Required > 80%
Servicing	Servicing Options: Released or Retained
	Remittance Options: A/A, A/A Single Remittance or S/S
	Remittance Options: A/A only
	Servicing Fee Income	25 BPS	25 BPS	44 BPS	25 BPS
	Same-Day Loan Funding