MPF Announcement 2026-57

MPF Announcement: 2026-57 Date: September 10, 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)

MPF Traditional – Underwriting the Borrower Clarifications

The MPF Traditional Selling Guide was updated to ensure it clearly reflects that the minimum required FICO Score is 620 for MPF Traditional loans whether underwritten manually or with an AUS, unless an exception applies as specifically provided for in this section or another applicable provision of this Guide.

See MPF Traditional Selling Guide Section 5.10.1.2, Minimum Credit Score Requirements.

For additional information underwriting Mortgage Loans manually, refer to MPF Traditional Selling Guide – Chapter 5. Underwriting the Borrower and for underwriting Mortgage Loans with an AUS, see MPF Traditional Guide 4.2.1 Automated Underwriting Systems (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.

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