This program is part of the Neighborhood Stabilization Initiative recently announced by the Federal Housing Finance Agency and jointly developed by Fannie Mae and Freddie Mac. The MyCity Modification targets borrowers whose mortgage loans are secured by properties within the City of Detroit and who meet specific eligibility requirements: 2014-12. Fannie Mae announcements include SEL-2014-05: Lender Selling Representations and Warranties Framework Updates, Fannie Mae introduced an alternative to repurchase for certain mortgage loans for which the mortgage insurance has been rescinded, known as an "MI stand-in". The announcement describes the process the servicer (or the responsible party) must follow to be considered for an MI stand-in. To view this announcement: svc1413. Additionally, Fannie announced changes to Servicing Reports in Message Manager.