MPF Announcement: 2026-71

Date: October 26, 2026 Effective Date: Immediately Alert: Clarification, Policy Update Audience: Compliance/Legal, Program Management, Origination, Quality Control, Servicing, Underwriting Product: MPF Government MBS, MPF Traditional, MPF Xtra®

MPF Traditional Servicing – Natural Disaster Foreclosure Assistance Update

Reference

The MPF Traditional Servicing Guide has been updated to provide the following policy update and clarification to the requirement Servicer, obtain prior written approval to refer to or continue a foreclosure on a disaster-impacted property.

• Foreclosure Proceedings: Clarified Servicers must submit a request to initiate a foreclosure on a disaster-impacted property within five days after completing the prereferral review and must submit a request to proceed with active foreclosure within two business days upon determining a disaster event has impacted the property. Submissions must be made timely with the required information available at the time of submission and supplemented within one business day after receiving additional required documentation.

For additional information, see Section 8.5.4 Foreclosure Action.

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