Federal Home Loan Bank of Chicago (MPF Program)
MPF Announcement 2026-40
June 12, 2026
Summary
The MPF Program requires lenders to use the redesigned Fannie Mae/Freddie Mac Uniform Residential Appraisal Report (URAR) for all appraisals completed on or after November 2, 2026. Until that date, existing appraisal forms remain acceptable. The update affects MPF Traditional, Government MBS, and Xtra products, covering conventional and government loans.
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MPF Announcement: 2026-40
Date: June 12, 2026
Alert:
- Clarification
- New Policy
- Policy Update
- Reminder
- Training Information
- Marketing Bulletin
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 – Redesigned Uniform Residential Appraisal Report (URAR)
The MPF Traditional Selling Guide has been updated to incorporate guidance related to the transition to the redesigned Uniform Residential Appraisal Report (URAR).
Effective for all appraisals completed on or after November 2, 2026, PFIs must ensure that appraisals are reported using the redesigned URAR and applicable appraisal forms. Appraisals must utilize the most current Fannie Mae/Freddie Mac URAR and be completed in strict accordance with the applicable Fannie Mae/Freddie Mac instructions and requirements for each section of the report.
For additional information see, Section 7.3 Appraisal Reports (For appraisals completed on or after November 2, 2026.)
To allow time to implement the new redesigned URAR and until the mandatory implementation date, PFIs must continue to use the appraisal forms outlined in section 7.3 Appraisal Reports (For appraisals completed prior to November 2, 2026).
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
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-2026-40
Common questions
- What does "MPF Announcement 2026-40" cover?
- The MPF Program requires lenders to use the redesigned Fannie Mae/Freddie Mac Uniform Residential Appraisal Report (URAR) for all appraisals completed on…
- 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 June 12, 2026.
Related updates
- Mortgagee Letter 2026-10: Updates to FHA Quality Control Requirements for Appraisal Field Reviews
- MPF Announcement 2026-69
- MPF Announcement 2026-66
- Bulletin 2026-J: Uniform Appraisal Dataset 3.6
- Lender Letter LL-2026-08 Temporary Policy Exception for Lenders Unable to Meet the UAD 3.6 November Mandate
- MPF Announcement 2026-62