Tax Service Fee Adjustment for MPF Xtra and MPF Traditional Servicing Transfers

Applies to: Loans delivered under the MPF Xtra and MPF Traditional products undergoing servicing transfer to Newrez.

Addressed to

MPF participating financial institutions (PFIs)From the publisher, not quoted from the text

Investor

MpfFrom the publisher, not quoted from the text

Affected area

TransferGuide Section Exhibit W-X

Affected documents

Servicing Transfer Manual Exhibits

Applicability confidence

Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. FHLB Chicago MPF's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

Also affected: Sections Exhibit W-X, Exhibit W.

What to review: Review the updated Newrez servicing transfer manual exhibits reflecting the tax service fee increase from $80.00 to $85.00 for MPF Xtra and MPF Traditional transfers.

QC implications

• Quality control should test that whole loan transfers for MPF Xtra and MPF Traditional to Newrez reflect the adjusted $85.00 tax service fee.