Fannie Mae expanded the DU validation service to allow income and employment validation using an asset verification report.

Expanded the list of nontraditional credit references to account for various examples of housing payments.

Clarified income calculation requirements for self-employed borrowers and borrowers with less than a 25% interest in a business

Effective June 1, 2024, SLS Whole Loan Servicing Funding, a purchasing Servicer for servicing released mortgage loans delivered under the MPF Program, will no longer be acquiring or holding MPF Program servicing.

Servicers are reminded of accounting and reporting responsibilities.

This document summarizes MPF Servicing Announcements being published on this date.

Clarified loan information requirements for requests associated with MPF Traditional and MPF Xtra eNote/eMortgage loans.

Fannie Mae updated the Loan Modification Agreement instructions and the Evaluation Notices, which are applicable to mortgages serviced under the MPF Xtra product.

Servicers are required to include additional loan-level data elements as part of the investor reporting process.

Clarifications made relating to Servicer’s obligations to make MPF Bank whole for any losses to the MPF Bank resulting from the Servicer’s failure to comply with the Guides or Applicable Laws