MPF Announcement 2020-89

MPF Xtra Servicing Guide Updates

Effective Date: Immediately (unless otherwise noted)

On December 9, 2020, Fannie Mae published Servicing Guide Announcement SVC-2020-07 which cover the below referenced topics that are applicable to loans serviced under the MPF Xtra product:

Fannie Mae Servicing Announcement SVC- 2020-07

• Removed property-level earthquake insurance requirement on mortgage loans for all Puerto Rico properties, and on Guam properties constructed of masonry construction.
• Incorporated the Payment Deferral Workout option introduced LL-2020-05 in the Servicing Guide.

To gain a full understanding of these topics, Servicers should review the entire Fannie Mae Lender Letters plus any applicable Fannie Mae Servicing Guide chapters, forms, or exhibits noted in the announcement.