MPF Announcement 2024-27
MPF Xtra Servicing Updates – FNMA SVC-2024-02
Effective Date: Immediately (unless otherwise noted)
Pursuant to Fannie Mae SVC-2024-02, the below referenced topics have been updated that are applicable to mortgage loans serviced under the MPF Xtra product:
- Updates to the Loan Modification Agreement (Form 3179) instructions to include:
- require the inclusion of two new provisions for mortgage loans secured by property in New York, and
- update the provision related to MERS.
Miscellaneous updates:
- With this update, the instructional language related to HAMP and eligibility for borrower “pay for performance” incentives have been removed from the Evaluation Notices.
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.
- References:
- MPF Announcement 2024-27