MPF Servicing Summary Announcement 2023-S14

MPF Servicing Announcements

This document contains multiple MPF Servicing Announcements being published on this date. 

PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.

MPF Traditional

MPF Announcement 2023-100: COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans

Updated COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans by adjusting the loan modification interest rate.

MPF Xtra

MPF Announcement 2023-101: MPF Xtra Servicing – Lender Letter LL-2023-07 Update

Fannie Mae issued an update to the COVID-19 Payment Deferral and COVID-19 Fannie Mae Flex Modification clarifying reporting requirements that were previously announced.

MPF Announcement 2023-102: MPF Xtra Servicing Updates – FNMA SVC-2023-05 (Revised)

Fannie Mae published updates to the Loan Modification Agreement (Form 3179) that was previously published on October 11, 2023.  

MPF Announcement 2023-103: MPF Xtra – Request for Reimbursement Reminder

Servicers are reminded of the process and requirements for requesting reimbursements for expenses advanced related to a payment deferral and Flex Modification.

 

Reminders

MPF Program would like to remind PFIs and Servicers that the MPF Program policies related to delivery and servicing of mortgage loans affected by major disasters are included in the product specific MPF Selling/Servicing Guides.

Upcoming Webinars

Tuesday, January 9^th, MPF Program Eligibility Certification Process - Submitting Forms OG1 and OG2

Please join us for a webinar to review the online completion process for Forms OG1 and OG2. Each year, Participating Financial Institutions are required to certify their eligibility for the MPF Program by completing Forms OG1 and OG2. In this webinar, we will cover updates to the completion and submission process. As a reminder, Forms OGI and OG2 are due by January 31, 2024.

Thursday, January 11th, The Custody Process for the MPF Traditional and MPF Xtra Products

The MPF Provider presents a webinar designed to furnish your staff with increased understanding of the processes involved in the delivery of custodial documents. This session will include overviews for both the MPF Traditional and MPF Xtra products.

• What documents are required
• Due dates and timing
• What happens after the documents are delivered
• How to request documents back from the Custodian
• Evaluation of preliminary and final invoices
• Understanding Custody Reports

Please visit the following links to register for upcoming webinars and view our on-demand webinar library.

*All webinars begin at 1 p.m. CT