Federal Home Loan Bank of Chicago (MPF Program)
MPF Announcement 2026-47
August 6, 2026
Summary
MPF Announcement 2026-47 aligns the temporary buydown qualification requirements in the MPF Traditional Selling Guide with standard DTI ratios. Manually underwritten loans are now capped at a 43.00% maximum DTI, while Loan Product Advisor Accept and Desktop Underwriter Approve loans may exceed this limit as allowed by the AUS. The change is effective immediately.
AI-generated summary · Aug 6, 2026. Verify with your compliance counsel before acting.
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MPF Announcement: 2026-47
Date: August 6, 2026 Effective Date: Immediately (unless otherwise noted within)
Alert: Policy Update Audience: Compliance/Legal, Program Management, Origination, Quality Control, Servicing, Underwriting Product: MPF Government MBS, MPF Traditional, MPF Xtra®
MPF Traditional Selling – Temporary Buydowns Qualification Ratio Update
The temporary buydown qualification requirements in the MPF Traditional Selling Guide have been updated to align with the standard debt-to-income (DTI) ratios.
Pursuant to Section 5.14.1.3. Maximum DTI, the maximum allowable DTI is as follows:
- Manually underwritten: 43.00%
- Loan Product Advisor Accept: Allowable by AUS
- Desktop Underwriter Approve: Allowable by AUS
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-2026-47
Common questions
- What does "MPF Announcement 2026-47" cover?
- MPF Announcement 2026-47 aligns the temporary buydown qualification requirements in the MPF Traditional Selling Guide with standard DTI ratios. Manually…
- 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 August 6, 2026.