MPF Announcement 2026-61

under the MPF Xtra product:

• Rental Income: The rental income policy has been updated to improve clarity, address policy gaps, and better align requirements with current industry practices.
  
  Effective Date: PFIs are encouraged to implement these changes immediately but must do so for all loans with application dates on and after November 1, 2026. PFIs using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement.

• Highest and best use requirements for Uniform Appraisal Dataset (UAD) 3.6: This policy updates the highest and best use requirements for appraisal reports completed using Uniform Appraisal Dataset (UAD) 3.6. These changes apply only to UAD 3.6 appraisal assignments to support the new Uniform Residential Appraisal Report (URAR) reporting requirements and do not apply to appraisal reports completed using legacy appraisal report forms.
  
  Effective: This policy change is effective immediately for appraisal reports completed using UAD 3.6.

• Expansion of Native American Conventional Lending Initiative (NACLI): Updates clarify eligible transactions and leverage the use of Fannie Mae’s NACLI documents. PFIs may continue to obtain an appraisal based solely on the cost approach when sufficient market data is not available to develop a reliable opinion of value using the sales comparison approach.
  
  Borrower eligibility requires at least one Borrower to be an enrolled member of an eligible Tribe. The Borrower does not need to be a member of the Tribe exercising jurisdiction over the property. Exhibit HH-X will be updated shortly to reflect these changes.
  
  As a reminder, PFIs must be approved by their MPF Bank to deliver NACLI loans and must follow the additional guidelines and operational details provided in Exhibit HH-X, including the requirement that Tribes be listed as approved Tribes on Fannie Mae’s website.

For questions or assistance, please contact the MPF Service Center by using one of the following options:

• MPF Customer Portal 
• Email: MPF-Help@fhlbc.com
• Phone: (877) 345-2673