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MPF Xtra Servicing Updates – FNMA SVC-2026-02
Effective Date: Immediately (unless otherwise noted within)
Fannie Mae published SVC-2026-02 which covers the below referenced topics that are applicable to mortgage loans sold under the MPF Xtra products:
- Clarifying remittance requirements for Temporary Interest Buydown Funds: Removed outdated language referencing Fannie Mae holding temporary interest rate buydown funds loans.
- As a reminder, Servicers must hold temporary buydown funds in accordance with MPF Xtra Servicing Guide Section 2.4.4 Buydown Funds and must remit funds pursuant to 2.11 Buy-down Account Payments.
- Income assessment policy updates and clarifications: A note that Chapter B3-3, Income Assessment of the Selling Guide has been updated.
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.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- Email: [email protected]
- Phone: (877) 345-2673