Program Update for MPF Traditional
Last Updated on May 1, 2019
This announcement covers FHLB Des Moines decision to not accept loans with Appraisal Waivers for MPF Traditional.
Today, the MPF Program announced that MPF Traditional loans with accepted Appraisal Waiver offers from Desktop Underwriter (DU) are now eligible to be delivered into the MPF Program.
FHLB Des Moines will not accept delivery of loans with an Appraisal Waiver. These loans are ineligible for sale into the MPF Traditional product.
FHLB Des Moines will continue, however, to accept the delivery of loans with Appraisal Waivers for MPF Xtra.
Our Mortgage Products Group is ready to assist you with any questions or concerns you may have.