Announcement 2025-66

MPF Xtra Servicing Updates – FNMA SVC-2025-05

• Updates to policies for mortgage loans subject to a temporary interest rate buydown plan:
  • Incorporating instructions for the application of interest rate buydown funds in connection with workout options and clarified borrower notice requirements related to pending interest rate increases associated with mortgage loans subject to an interest rate buydown plan
    Effective Date: Servicers are encouraged to implement these changes immediately but must do so by November 1, 2025.
• Update to the requirements for sending a Payment Reminder Notice:
  • The requirements for sending a Payment Reminder Notice have been updated, by extending the deadline from the 17th day of delinquency to the 20th day of the month.
    Effective Date: Servicers are encouraged to implement these changes immediately but must do so by December 1, 2025.
• Miscellaneous Updates
  • Clarified the allowable exemption for transfers of property into an inter vivos trust.
  • Updates to the Loan Modification Agreement (Form 3179) to align language with the 2021 updates to the Uniform Security Instruments and update definition of property.