• MPF Xtra
  • October 9, 2018

MPF Announcement 2018-47

MPF Xtra Product Updates

Effective Date: Immediately (Unless Otherwise Noted)

On September 18, 2018 and September 26, 2018, respectively, Fannie Mae issued Servicing Guide Announcements SVC-2018-06 and SVC-2018-07, which covers the below referenced topics that are applicable to loans sold under the MPF Xtra product:

SVC-2018-06:

  • Relieving Servicers of Additional Responsibilities for Paying Escrow-Related Expenses on Acquired Properties
  • Delegating Texas Constitution Section 50(a)(6) for Fannie Mae Cap and Extend Modification for Disaster Relief
  • Updates to Post-Delivery Servicing Transfer Requirements
  • Updates to Evaluation Notices and Solicitation Letters
  • New Mexico and Hawaii Allowable Foreclosure Attorney Fees
  • Liability and Fidelity Insurance Updates and Guide Alignment
  • Fannie Mae Flex Modification Update to Incorporate Eligibility Criteria Related to a Property Impacted by an Eligible Disaster

SVC-2018-07

  • Foreclosure Sale Marketing and Foreclosure Auction Services

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

REFERENCE
Fannie Mae Servicing Guide Announcement SVC-2018-06

Fannie Mae Servicing Guide Announcement SVC-2018-07


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