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Federal Home Loan Bank of Chicago (MPF Program)

MPF Announcement 2026-19

April 23, 2026

Summary

The MPF Program updated its Selling and Servicing Guide to explicitly require PFIs and servicers to ensure mortgage loans are free from any unauthorized security interests, pledges, or encumbrances. This clarification protects the MPF Bank's rights, title, and interest in the underlying loans.

MPF® Announcement 2026-19

MPF Announcement: 2026-19 Date: April 23, 2026 Alert: Clarification Audience: Compliance/Legal, Program Management, Origination, Quality Control, Servicing, Underwriting Product: MPF Government MBS, MPF Traditional, MPF Xtra®

Effective Date:

Immediately (unless otherwise noted within)

MPF Government MBS Security Interest Clarification

The MPF Program has updated the MPF Government MBS Selling and Servicing Guide to clarify that PFIs and Servicers must ensure that each mortgage loan is free of any security interest, beneficial interest, or other encumbrance arising from any past or future assignment, pledge, hypothecation, or transfer of the MPF Bank’s rights, title, or interest in the mortgage.

For additional information refer to MPF Government MBS Selling Guide Section 2.1.3 Ineligible Products or Attributes and MPF Government MBS Servicing Guide Section 1.8.8 Lien Priority.

For questions or assistance, please contact the MPF Service Center by using one of the following options:


Reference

Please note you can access the MPF Guides and MPF Announcements on our MPF Website.

Visit the MPF Website to review and register for upcoming complimentary MPF Webinars.

Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-2026-19

Common questions

What does "MPF Announcement 2026-19" cover?
The MPF Program updated its Selling and Servicing Guide to explicitly require PFIs and servicers to ensure mortgage loans are free from any unauthorized…
Which agency issued this update?
This update was issued by Federal Home Loan Bank of Chicago (MPF Program).
When was it published?
It was published on April 23, 2026.

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