← All regulatory updates

Federal Home Loan Bank of Chicago (MPF Program)

MPF Announcement Summary 2026-S06

May 14, 2026

Summary

The MPF Program has updated its servicing guidelines to clarify procedures for document release, escrow analysis during payment deferrals, and retrospective appraisal reviews. Additionally, MPF has standardized the terminology across its documentation by replacing 'Appraisal Waiver' with 'Value Acceptance' in alignment with prior guidance.

MPF Announcement Summary 2026-S06

Date: May 14, 2026

MPF Servicing Announcements

This document summarizes MPF Servicing Announcements being published on this date.

PFIs and Servicers must refer to the actual MPF Announcement for the specific requirements and guidance.

MPF Traditional

MPF Announcement 2026-28: MPF Servicing – Release of Documents Clarification Updated the Guide to ensure consistency in Release of Documents requirements.

MPF Announcement 2026-29: MPF Traditional Servicing – Escrow Analysis Clarifications Clarified Servicer responsibilities for escrow analysis related to Payment Deferrals and Loan Modifications.

MPF Announcement 2026-30: MPF Traditional Servicing – HLC Property Evaluation Clarification Clarified the definitions of retrospective appraisal review methods used in connection with HLC property valuations.


Upcoming Webinars

  • Thursday, May 14th MPF® University Welcomes Radian: Beyond Schedule C Presented by Radian, this webinar is for those looking for a more condensed, advanced focus on business tax returns. In this session you will learn to Analyze tax returns from Schedule E Part II through the corporate tax return.

  • Thursday, May 21st Introduction to Manufactured Housing Manufactured homes have seen an increase of production over the past decade. With borrowers looking for affordable options in today’s housing market, manufactured housing can be an attractive option. In this webinar, you will learn about the primary characteristics of a manufactured homes. We’ll discuss eligibility factors and important underwriting considerations.

To register for upcoming webinars and view our on-demand webinar library please visit the following link: https://www.fhlbmpf.com/education/upcoming-webinars

*All webinars begin at 1 p.m. CT


Reminders

  • The MPF Guides, Glossary and Exhibits were updated to align with MPF Announcement 2025-81 by replacing the term “Appraisal Waiver” with “Value Acceptance.”

Resources:

Please note you can access the following on our MPF Website:

  • MPF Customer Service Portal
  • MPF Guides
  • Announcements

Source: https://www.fhlbmpf.com/program-guidelines/mpf-program-updates/mpf-announcement-summary-2026-s06

Common questions

What does "MPF Announcement Summary 2026-S06" cover?
The MPF Program has updated its servicing guidelines to clarify procedures for document release, escrow analysis during payment deferrals, and…
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 May 14, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates