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MPF Xtra Servicing Updates: FNMA SVC-2026-06
Effective Date: January 1, 2027 and January 15, 2027
Fannie Mae issued Servicing Guide Announcement SVC-2026-06, which includes updates affecting MPF Xtra servicing.
- Foreclosure and bankruptcy attorney fees: Fannie Mae increased the maximum allowable foreclosure attorney fees in all jurisdictions and U.S. territories, discontinued the Florida trial fee, and increased allowable fees across all bankruptcy chapters. The revised fees are effective January 1, 2027, and apply to matters that remain active as of that date, regardless of when the matter was referred to counsel.
- IRS Form 1099-C reporting: IRS Form 1099-C reporting: Fannie Mae updated the process for accessing the Do Not Send 1099-C list. Under Fannie Mae’s updated requirements, the loan-level list must be accessed and reviewed no later than the 10th business day in January. The change is effective January 15, 2027.
To gain a full understanding of these topics, Servicers should review the entire Fannie Mae Announcement and any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcement.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Portal
- MPF-Help@fhlbc.com
- 877.345.2673