MPF Announcement 2020-72

MPF Xtra Servicing Guide Updates

Effective Date: Immediately (unless otherwise noted)

On October 14, 2020, Fannie Mae published Servicing Guide Announcement SVC-2020-05 which cover the below referenced topics that are applicable to loans serviced under the MPF Xtra product:

Fannie Mae Servicing Announcement SVC- 2020-05

• Updated the VMS Valuation Order Template to require the foreclosure sale date be completed when a Servicer is requesting the property valuation for bidding instructions.

Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, Servicers should review the entire Fannie Mae Lender Letters plus any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcement.