MPF Announcement 2025-10
The MPF Program Major Disaster Policy Reminder
Effective Date: Immediately
Due to the devastating impact of wildfires in California and other natural disasters, the MPF Program would like to remind PFIs and Servicers that the MPF Program policies related to delivery and servicing of mortgage loans affected by major disasters are included in the product specific MPF Selling/ Servicing Guides.
We continue to monitor the situation and may issue further guidance as needed.
Servicers are specifically reminded that MPF Traditional and MPF Xtra both permit Servicers to grant a 90-day forbearance plan or temporarily suspend mortgage payments without investor approval. Servicers must ensure they grant these in accordance with MPF Guide requirements and applicable laws.
For MPF Program natural disaster guidance, see:
- Chapter 9 - MPF Program Major Disaster Related Policy
MPF Traditional Selling Guide:
- Section 2.6.2.1.1 Limited Cash-Out Refinance for Disaster Impacted Properties
- Section 2.8.5 Properties Impacted By Major Disaster
- Section 4.2.1 Automated Underwriting Systems (AUS)
- Section 5.1.3 Age of Documents
- Section 7.15. Properties Located in Major Declared Disaster Areas
- Section 2.3.3 Eligible Transaction Types
- Chapter 6 Property Requirements
MPF Government MBS Selling Guide:
- Section 2.1.4 Properties Impacted by a Major Disaster
MPF Traditional Servicing Guide:
- Section 4.6.5 Major Disasters
- Section 4.6.6 Uninsured Disaster or Vandalism Losses
- Section 8.3.5 Property Inspections
- Section 8.5 Major Disaster Assistance
- Section 9.1.4 Borrowers Impacted by a Major Disaster Event
- Section 4.5 Property Loss Events and Insurance Loss Settlement
- Section 8.3 Loss Mitigation
- Section 8.5 Natural Disasters
MPF Government MBS Servicing Guide:
- Section 4.6.5 Major Disasters
- Section 4.6.6 Uninsured Disaster or Vandalism Losses
- Section 8.2 Delinquent Government MBS Loans
- Section 8.7 Major Disaster Assistance
In addition, PFIs and Servicers originating, delivering or servicing:
- MPF Traditional Government loans must follow the disaster relief policies and guidance issued by the applicable Government Agencies.
- MPF Government MBS loans must follow the disaster relief policies and guidance issued by the applicable Government Agencies and Ginnie Mae.
- MPF Xtra loans must follow the disaster relief policies and guidance issued by Fannie Mae.
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
- References:
- MPF Announcement 2025-10