MPF Investor Accounting is responsible for oversight of the Master Servicer (Computershare Limited f/k/a Wells Fargo Corporate Trust Services). After funding, you will need to become familiar with the requirements, MPF Program forms and exhibits for your monthly reporting.  Please refer to the applicable MPF Product Servicing Guides for complete details.

The MPF Program provides selling and servicing guides for all products, specific manuals, forms, and exhibits (together referred to herein as the “Guides”). The Applicable Agreements apply to all Servicers servicing Mortgage Loans sold under the MPF Program. This Servicing Guide outlines the requirements and/or processes for Servicers servicing loans under the MPF Program. Servicers must abide by the procedures, terms, and conditions set forth in this Servicing Guide, as it may be amended from time to time. Failure of a Servicer to perform its obligations under either the Applicable Agreements or the Guides constitutes an Event of Default entitling the FHLBank to exercise all available remedies as provided in the Guides and Applicable Agreements, including but not limited to termination of its Servicing Rights.

 

2022 MPF Investor Reporting Exhibits:

 

Also, click HERE to download MPF Investor Reporting reminders directly onto your desktop calendar by MPF Product.

Upcoming MPF Xtra Product Modifications

The MPF® Program would like to provide updates on the previously announced MPF Xtra product enhancements (MPF Marketing Bulletin 2021-24) regarding changes to the investor reporting processes and systems for MPF Xtra Mortgage Loans.

  • Investor Reporting Changes
    • All Servicers are required as of March 2, 2022 to report daily to the Master Servicer, Computershare, effective with March 2022 Mortgage Loan Activity. Although Fannie Mae has changed the effective date for Daily Reporting, the MPF Program will continue to require all Servicers report daily effective with March 2022 Mortgage Loan Activity.
  • Loan Level Data File Format Updates
    • All Servicers will be required to use the Fannie Mae Expanded Loan Activity Report (LAR 96) format with the newly announced nine (9) additional fields. Effective: The MPF Program is communicating with Fannie Mae regularly and will provide further details at a later date.
  • Updates to the P&I remittance cash reconciliation for A/A mortgage loans.
    • Effective: These changes are targeted to become effective after the implementation of Daily Reporting and Expanded LAR 96 format expansion. The MPF Program will communicate further details at a later date.

Please visit our new MPF Xtra Product Modification webpage to stay up to date on the latest communications and trainings.

MPF Investor Accounting/Reporting Reference Guide

MPF Traditional

(MPF Original, MPF 125, MPF 35, MPF Government)

Actual/Actual, Actual/Actual Single Remittance, Scheduled/Scheduled

MPF Xtra

Actual/Actual Remittance Only

 

Servicing Guide

file-pdf file-word file-word

Investor Reporting

file-pdf file-word file-word file-pdf file-word file-word

Monthly Custodial Account Reconciliation

file-pdf file-word file-word

Remittance Day

Daily, by 2:00pm Central Standard Time the next Business Day following the Servicer’s receipt of the funds

MPF Government MBS

Scheduled/Scheduled Remittance Only

 

Servicing Guide

file-pdf file-word file-word

Investor Reporting

file-pdf file-word file-word file-pdf file-word file-word

Monthly Custodial Account Reconciliation

file-pdf file-word file-word

Remittance Day

On the 18th of the month (or business day prior if weekend or holiday)

For MPF Traditional and MPF Government MBS products only: 
The total amount drafted from your Demand Deposit Account (DDA) on Remittance Day (on the 18th of the month or business day prior if weekend or holiday), totals from your remittance summary on your Final Turnaround Report (fTAR) which would include total principal, total net interest (+/-) any cash adjustments.

For MPF Xtra only:
The Servicer must deposit all funds into the P&I Custodial Account held with the MPF Program by 2:00pm Central Standard Time the next Business Day following the Servicer’s receipt of the funds.

Resources

MPF Traditional Investor Reporting Overview

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Exhibit A: 2022 MPF Traditional Product Investor Reporting Calendar

Calendar
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Exhibit A-X: 2022 MPF Xtra Investor Reporting Calendar

Calendar
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Exhibit E-M: 2022 MPF Government MBS Investor Reporting Calendar

Calendar