Impact of COVID-19 on MPF Xtra Servicing
Effective Date: Immediately (unless otherwise noted)
On April 6, 2022, Fannie Mae published an update to Lender Letter LL-2021-02, which communicated updates to temporary policies previously announced, to enable Servicers to better assist Borrowers impacted by COVID-19. The policies in the Lender Letter are effective immediately and are effective until Fannie Mae provides further notice, unless otherwise stated.
Fannie Mae Lender Letter LL-2021-02
- Instructing Servicers to postpone foreclosure-related activities in connection with the Homeowner Assistance Fund (HAF) program.
- Removing the provisions related to the prior suspension of foreclosure activities and certain bankruptcy requirements as the requirements are no longer applicable.
MPF Xtra COVID-19 Deferral Update
- For ease of submitting an MPF Xtra COVID-19 Deferral, the MPF Program has created an MPF Xtra COVID-19 Deferral Appendix in eMAQCSplus®. Enclosed is a job aid to assist Servicers when submitting the MPF Xtra COVID-19 Deferral Appendix.
To gain a full understanding of these topics, Servicers should review the entire Fannie Mae Lender Letter plus any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcement.
- MPF Announcement 2022-17