Federal Home Loan Bank of Chicago (MPF Program)
MPF Announcement 2026-20
April 23, 2026
Summary
The MPF Program updated its Selling Guide to revise the definition of acceptable donors for personal gift funds. The update replaces the specific 'god parent' designation with broader language permitting gifts from individuals maintaining a long-standing, familial-like, or mentorship relationship with the borrower.
MPF Announcement 2026-20
MPF Announcement: 2026-20 Date: April 23, 2026 Alert: Clarification, Policy Update 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 Traditional Selling Guide – Personal Gifts
The MPF Traditional Selling Guide has been revised to update the definition of acceptable donors for personal gift funds. To better align with industry standards. The definition no longer references “god parent,” and now permits gifts from "an individual with a long-standing familial-like or mentorship relationship with the borrower.”
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.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- Email: MPF-Help@fhlbc.com
- Phone: (877) 345-2673
Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-2026-20v2
Common questions
- What does "MPF Announcement 2026-20" cover?
- The MPF Program updated its Selling Guide to revise the definition of acceptable donors for personal gift funds. The update replaces the specific 'god…
- 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.