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Federal Home Loan Bank of Chicago (MPF Program)

MPF Announcement 2026-45

July 23, 2026

Summary

The MPF Program updated its Traditional and Xtra Servicing Guides to clarify that servicers must notify MPF within 2 business days after determining a disaster event has impacted a borrower's property for loans already in foreclosure. Additionally, the Xtra Servicing Guide incorporates revisions from MPF Announcement 2026-18 regarding reporting errors for paid-off loans after the reporting period has ended. These changes aim to enhance consistency and compliance with servicing obligations.

AI-generated summary · Jul 23, 2026. Verify with your compliance counsel before acting.

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MPF Announcement 2026-45

MPF Announcement: 2026-45 Date: July 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)

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.

MPF Program - Servicing Guides Updates:

The MPF Program has made important updates to the MPF Traditional Servicing Guide and the MPF Xtra Servicing Guide. These updates are intended to provide additional clarity, promote consistency across servicing requirements, and help Servicers remain aligned with current MPF Program guidelines and applicable servicing obligations.

  • The MPF Traditional Servicing Guide has been clarified to require that, for mortgage loans already in foreclosure, Servicers submit notification within 2 business days after determining a disaster event has impacted the borrower’s property.
  • The MPF Xtra Servicing Guide has been updated to incorporate the revisions regarding reporting an error for a paid-off loan after the reporting period has concluded as mentioned in MPF Announcement 2026-18.

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

Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-2026-45

Common questions

What does "MPF Announcement 2026-45" cover?
The MPF Program updated its Traditional and Xtra Servicing Guides to clarify that servicers must notify MPF within 2 business days after determining a…
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 July 23, 2026.

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