MPF Announcement 2021-86

MPF Xtra^® Investor Reporting Changes

Effective Date: March 2, 2022 (unless otherwise noted)

The MPF^® Program would like to provide additional details on the previously announced MPF Xtra product modifications (MPF Marketing Bulletin 2021-24) regarding changes to the investor reporting processes and systems for MPF Xtra Mortgage Loans.

To prepare for the transition, the MPF Program is providing an implementation timeline below:

• Effective with March 2022 Mortgage Loan Activity:
  • All Servicers will be required to report daily.
• Effective with March 2022 Mortgage Loan Activity through June 2022 Mortgage Loan Activity:
  • Acceptable formats for reporting daily:
    • current MPF Xtra Layouts (Exhibit C and Exhibit D), or
    • expanded LAR 96
  • During this time period, PFIs can test the expanded LAR 96 format with the Master Servicer. Testing is for format purposes only, not content.
• Effective with July 2022 Mortgage Loan Activity:
  • All Servicers must be reporting daily using the Fannie Mae expanded LAR 96.
  • The current MPF Xtra Layouts (Exhibit C and Exhibit D) will no longer be accepted.

Webinar: The MPF Program is hosting the following webinar: MPF Xtra Investor Reporting Changes, clarifying information previously communicated. This webinar will be held on December 15, 2021 at 1PM CST. Register here.

In an effort to assist in this transition, please visit our new MPF Xtra Product Modification webpage to stay up to date on the latest communications and trainings.

We appreciate your continued support of the MPF Program. Please contact the MPF Service Center with any questions.