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MPF Traditional Income Assessment and Redesigned Uniform Residential Appraisal Report (URAR)
The MPF Program has updated the Income Assessment (Section 5.3) and the Redesigned Uniform Residential Appraisal Report (Section 7.3) of the MPF Traditional Selling Guide to improve clarity and consistency in income evaluation and Appraisal Report requirements.
To allow PFIs time to implement and transition, PFI may underwrite mortgage loan with applications dated before November 2, 2026 using either the prior income assessment requirements or the new requirement. See details in Chapter 5. Underwriting the Borrower (Effective for Mortgage Loan Applications prior to November 2, 2026).
Until the mandatory implementation date for the redesigned URAR, PFIs may continue to use the current appraisal forms or may use the new forms, as more specifically outlined in Section 7.3 Appraisal Reports (For appraisals completed prior to November 2, 2026).
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- MPF-Help@fhlbc.com
- 877.345.2673