How to Price and Read the MPF Price Sheet - Mandatory Delivery

Pricing Example
You will price servicing retained based on the profit margin your institution requires. For instance, if you require a profit margin of 1.50, using the price sheet below and a 45 day lock, you would need to lock at 3.250 for a price/agent fee of 1.87599110.

  • Loan Level Price Adjustments (LLPAs) do not apply to the MPF Traditional product.
  • Note rates are quoted in 1/8’s
  • MPF Traditional pricing is mandatory delivery
  • An agent represents a premium (+) or discount (-) payable on a loan funding
  • MPF Traditional follows the Agency's conforming maximum loan limits. See the Selling Guide section 2.1 & 2.4 for max LTV & TLTV.
  • Government loan pricing is indicated with GL: GL15 and GL30.
  • Conventional loan pricing is indicated with FX: FX15, FX20, and FX30 year terms.
    • Odd amortization terms are allowed
    • 61 – 180 month term priced at a 15-year term
    • 181 – 240 month term priced at a 20-year term
    • 241 – 360 month term priced at a 30-year term
  • The posted pricing is available within the eMPF website.
  • Price the loan using the remittance option based on your master commitment (MC); your MC remittance option will show when selecting a MC from the MC list. 
    • Actual/Actual: a simpler type of reporting used by a majority of our PFIs; P&I is flowed to the FHLBDM, PFI receives a more competitive price since MPF receives the float income. 
    • Scheduled/Scheduled: requires a more sophisticated servicing system; the PFI must remit payments even if the borrower did not make the payment, price is close to Actual/Actual pricing.
    • Actual/Actual Single Remittance: a simpler reporting not utilized by many PFIs; PFI moves P&I funds to the FHLBDM once a month, PFI is entitled to the float income. 
  • Pricing is subject to change throughout the day based on bond market movement.
  • When comparing MPF pricing to pricing from other investors, other investors purchase the whole loan (asset & servicing); therefore, their price will include a Servicing Released Premium (SRP). For Servicing Retained, MPF will purchase only the asset; therefore, your price will not include an SRP. Instead, you will retain ongoing income of 25 bps annualized on a monthly basis for your services and 44 bps for Traditional Government loans.
  • Loan funding requests may be made up to 3:30 PM CT on the day of the price expiration.

example price sheet