Fannie Mae issued an update to the COVID-19 Payment Deferral and COVID-19 Fannie Mae Flex Modification temporary policies that were previously announced.

Fannie Mae updated requirements related to evaluating release, or partial release requests and reorganized requirements for insured loss events, which are applicable to mortgages serviced under the MPF Xtra product.

Updated COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans by adjusting the loan modification interest rate.

Post transfer obligations of Servicers involved in transfers of servicing of MPF Xtra loans are being updated.

Fannie Mae updated the timing for which the payment deferral, disaster payment deferral, and other related changes will be reflected in the Servicing Guide, from September 2023 to the October 2023 publication.

MPF Government MBS Servicing – Clarified short sale approval requirements.

Clarified required use of Fannie Mae/Freddie Mac Form 1103, Supplement Consumer Information Form (SCIF), incorporated requirements for retaining the form in the mortgage loan file and maintaining any data elements collected.

As the MPF Program continues to explore product enhancements, you may start seeing references to eNotes/eMortgages on eMPF® reports and on forms.

This document summarizes multiple MPF Selling Announcements being published on this date.

Clarified project standard requirements concerning delinquent special assessment dues, condominium hotel/motel ineligibility, prelitigation activities, projects in need of critical repairs, and updated the list of ineligible...