• MPF Xtra
  • November 3, 2023

MPF Announcement 2023-84

MPF Xtra Servicing Updates – FNMA SVC-2023-05

Effective Date: Immediately (unless otherwise noted)

Pursuant to Fannie Mae SVC-2023-05, the below referenced topics have been updated that are applicable to mortgage loans serviced under the MPF Xtra product:

  • Updated the Loan Modification Agreement (Form 3179) with additional instructions in response to New York’s Foreclosure Prevention Act and to include a defense waiver provision.


  • Updated Fannie Mae’s minimum requirements for all law firms selected and retained for default-related legal services for single family mortgage loans.

Miscellaneous updates:

  • Incorporated updates previously announced in LL-2023-04, removal of HAMP references, and other updates.
  • Updated policy to permit a verbal or written request from the Borrower to reapply principal curtailments to cure a delinquency when certain conditions are met.
    • Note: Servicers must work with the MPF Service Center to address such requests by sending an email to MPF-Help@fhlbc.com that includes the following details:
      • The number of payments being reapplied.
      • A payment history dating back to the date of any curtailments that were received that are being reapplied.
      • The next payment due date after the reapplication of the principal curtailments.
      • Indicate whether the Borrower is making an additional payment or if the Borrower is combining the reapplication with a workout option.

To gain a full understanding of these topics, PFIs should review the entire Fannie Mae Announcement and any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcements.

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MPF Service Center

(877) 345-2673