Federal Home Loan Bank of Chicago (MPF Program)
MPF Announcement 2026-23
April 30, 2026
Summary
The MPF Program has clarified that loans underwritten using new credit score models, specifically VantageScore 4.0 and FICO 10T, are ineligible for delivery through the MPF Xtra product at this time. This restriction applies regardless of a lender's individual approval status with Fannie Mae for participation in the initial pilot phase.
MPF Announcement 2026-23
MPF Announcement: 2026-23 Date: April 30, 2026 Alert: Clarification Audience: Compliance/Legal, Program Management, Origination, Quality Control, Servicing Product: MPF Government MBS, MPF Traditional, MPF Xtra® Effective Date: Immediately (unless otherwise noted within)
Reference
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MPF Xtra® Update on New Credit Score Models
Following the April 22, 2026 joint announcement from the Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD), we want to provide clarification on how the introduction of new credit score models impacts the MPF Program.
As published in Fannie Mae’s Selling Guide Announcement (SEL-2026-04), Fannie Mae can begin accepting loans under a limited rollout utilizing VantageScore 4.0 (and FICO 10T) from a select group of approved lenders as part of an initial pilot phase.
MPF Xtra® Eligibility Update
At this time, loans underwritten using VantageScore 4.0 are not eligible for delivery through MPF Xtra, even if your institution has been approved by Fannie Mae to deliver these loans directly.
The current rollout of new credit score models is limited in scope, with approximately 21 Fannie Mae and Freddie Mac approved lenders participating in the initial pilot. The MPF Program is not included in this initial phase and continues to evaluate the operational, risk, and execution considerations associated with these new credit score models.
We recognize the importance of this industry shift toward expanded credit scoring models and the potential to broaden access to homeownership. The MPF Program will continue to evaluate these developments and will provide updates as additional clarity becomes available.
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- MPF-Help@fhlbc.com
- 877.345.2673
Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-2026-23
Common questions
- What does "MPF Announcement 2026-23" cover?
- The MPF Program has clarified that loans underwritten using new credit score models, specifically VantageScore 4.0 and FICO 10T, are ineligible for…
- 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 30, 2026.