• MPF Xtra
  • January 14, 2025

MPF Announcement 2025-07

MPF Xtra Servicing Updates – FNMA SVC-2024-07 

Effective Date: Immediately (unless otherwise noted)

Fannie Mae published SVC-2024-07, which covers updates to the below referenced topics that are applicable to mortgage loans serviced under the MPF Xtra product:

  • Allowable foreclosure attorney fees, bankruptcy attorney fees, and Mortgage Release document preparation cost updates
    • Updated allowable foreclosure and bankruptcy attorney fees,
    • Increased the Mortgage Release document preparation cost, and
    • Clarified the Servicer’s responsibility for certain legal fees.

Other topics mentioned in the Fannie Mae announcement do not apply to MPF Xtra. 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.

If you have any questions, please contact the MPF Service Center via email MPF-Help@fhlbc.com or phone (877-345-2673).


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