MPF Announcement 2025-35

MPF Traditional Servicing – Loan Modification Reimbursement Update

Effective Date: Immediately (unless otherwise noted)

The MPF Program has updated the reimbursement process related to MPF Traditional conventional loan modifications.

Effective immediately, once the Loan Modification is processed and updated, any recoverable advances will be processed through the applicable remittance account during the monthly remittance process.

This updated process has been incorporated into the MPF Traditional Servicing Guide see Section 9.2.4.10 Handling Fees and Late Charges in Connection with a Loan Modification.

Additional clarifications were made to the MPF Traditional Servicing Guide Section 11.9.2 Calculating Realized Losses or Gains, Form SG357: Permanent Loan Modification Worksheet, and the Form SG332: Calculation of Realized Loss or Gain.

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