MPF Xtra Servicing Guide Updates
Effective Date: Immediately (unless otherwise noted)
Fannie Mae published a Servicing Guide update which covers the below referenced topics that are applicable to loans serviced under the MPF Xtra product (SVC-2023-01):
- Pre-foreclosure property preservation: Updates to property inspections and preservation expense reimbursement limits and guidance.
- Miscellaneous Updates:
- Clarified reimbursement requirements for electronic filing and recording expenses.
- Correction to the Allowable Foreclosure Attorney Fees Exhibit – Louisiana judicial fee corrected from $2800 to $2700.
- Guide maintenance: Removed announcements that were published prior to 2018 from the Related Announcements lists.
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.
- MPF Announcement 2023-18