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What are the delivery commitment tolerances in the MPF Program?

April 26, 2017commitment DELIVERY MPF program tolerances

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What are the delivery commitment tolerances in the MPF Program?

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MPF Delivery Commitments have a built-in tolerance. For each delivery commitment, the acceptable note range for mortgages delivered under that commitment is +/- 25 basis points (.25%) from the specified note rate, or the limit of the price range, whichever is more restrictive.