MPF Xtra Servicing Guide Updates
Effective Date: Immediately
On September 11, 2019 Fannie Mae issued Servicing Guide Announcement SVC-2019-06 which covered the below referenced topics that are applicable to loans sold under the MPF Xtra product:
- Revised the maximum allowable foreclosure and bankruptcy attorney fees.
Fannie Mae Servicing Systems
The MPF Xtra Servicing Guide was further clarified to indicate where the Fannie Mae Servicing Guide directs communication to Fannie Mae or to utilize Fannie Mae servicing systems that are only available to Fannie Mae Seller/Servicers, the Servicers must contact and work through the Master Servicer. Servicers should not communicate with Fannie Mae directly.
The MPF Xtra Servicing Guide template has been updated, with this update any typos/formatting issues have been corrected. Please note the contents of the MPF Xtra Servicing Guide have not changed.Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcements on the following pages, and any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcements.
- MPF Announcement 2019-50