• MPF Xtra
  • January 5, 2023

MPF Announcement 2023-02

MPF Xtra Servicing Guide Updates

Effective Date: Immediately (unless otherwise noted)

Fannie Mae recently published Servicing Guide Announcement SVC-2022-08, which covers the below referenced topics that are applicable to loans serviced under the MPF Xtra product:

  • Property, flood, and project insurance updates: updates made to ensure consistency with the updates made to the property, flood and project requirements in the Selling Guide.
  • Compensatory fees for delinquency status reporting: clarification that compensatory fees may be assessed for late or inaccurate submissions of delinquency status information in addition to late or inaccurate submissions.
  • Allowable foreclosure attorney fees and costs: updates to the Allowable Foreclosure Attorney Fees Exhibit.
  • Miscellaneous updates:
    • Updated the incentive payment to assist borrowers with relocation expenses.

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

Contact Us

MPF Service Center

(877) 345-2673