Mortgage Partnership Finance® (MPF®) Summer 2026 Newsletter

This newsletter is designed exclusively for FHLBank Boston members who are active Participating Financial Institutions (PFIs) in the MPF Program. As part of our ongoing outreach, it provides timely updates, insights, and resources to help you stay informed about the MPF Program. Please feel free to share this newsletter with colleagues who may find the content valuable.

MPF Office Hours

Beginning August 6, the MPF team will host a series of Office Hours focused on topics to provide deeper insight into what matters most to you. Based on feedback from our recent survey, sessions will cover growing your business with the MPF Program, credit enhancement updates, loss mitigation options, the payment deferral process, resolving turnaround report exceptions, and more.

The team will be available to answer your questions. See below for more information and to register for the August Office Hours.

• August 6 from 11:00 a.m. to 12:00 p.m.: Growing Your Mortgage Business with the MPF Program
  • Join us for a practical overview of how the MPF Program can support your mortgage growth strategy. Learn how to increase mortgage originations through competitive secondary market execution, flexible underwriting, and access to both conventional and government loans. We will explore how the MPF Program’s unique credit risk-sharing structure can generate additional income while helping your institution manage risk.
  • Register for August 6
• August 13 from 11:00 a.m. to 12:00 p.m.: Workout Options and Hierarchy
  • Understanding the loss mitigation hierarchy is critical to helping borrowers through financial hardship while minimizing losses. Join us to learn how the MPF Traditional Product’s workout hierarchy guides servicers through the evaluation of forbearance plans, repayment plans, payment deferral plans, and loan modifications. Gain practical insights into eligibility requirements and the decision-making framework that helps determine the most appropriate borrower assistance option.
  • Register for August 13

Best Efforts for MPF Traditional Products

Earlier this year, FHLBank Boston introduced a best-efforts pricing option for PFIs delivering MPF Traditional loans, providing an alternative loan delivery option that eliminates the hedge risk. If you are interested in learning more, please review this presentation. If you have questions, please contact the MPF team.

Housing Impact Pricing Grids

Did you know that using housing impact grids may help eligible borrowers (those with incomes at or below 80% of the area median income) receive more favorable interest rates? The grids apply to 30-year fixed conforming/conventional loans, including low-balance loans for eligible borrowers.

There is a validation process at the time of funding to verify that the borrowers’ income is at or below 80% of the area median income. The additional pricing options are available in eMPF® and reflected in the Product & Pricing Engines, provided the grids are activated by you or the PPE vendor.

MPF Traditional Products – Expanded Eligibility Guidelines

The MPF Program offers expanded eligibility under the MPF Traditional products (MPF Original and MPF 35):

• Fannie Mae HomeReady® and Freddie Mac Home Possible® mortgages designed for low-income borrowers (≤80% Area Median Income) and permit up to 97% loan-to-value (LTV)*
• Expanded manufactured housing eligibility, including single-width manufactured homes, Fannie Mae MH Advantage™, and Freddie Mac ChoiceHome® loans*
• Rehabilitation loans when home improvement or rehabilitation work is completed prior to loan delivery
• PFI-funded affordable housing programs, including affordable seconds programs that support mission-focused lending

*Must comply with MPF Traditional mortgage insurance requirements which may allow for reduced MI.

Refer to these guides for more information:

• MPF-Traditional-Products-Expanded Guidelines.pdf
• Introduction-to-Manufactured-Homes.pdf

Changes Regarding Tax Transcripts

Please refer to MPF Announcement 2026-35 for an important update on the quality control process and obtaining tax transcripts.

Tax transcripts are required for the 2026 Permanent Rate Buydown product offering.

MPF Announcements

Below are some important announcements from the MPF Provider since the last newsletter in March 2026.

To ensure that you receive all announcements, please subscribe to MPF Communications.

• MPF Announcement 2026-34 | MPF Traditional Servicing – Loss Mitigation Clarifications
• MPF Announcement 2026-36 | MPF Traditional Selling – Income Assessment Updates

“Mortgage Partnership Finance,” “MPF“, and “eMPF” are registered trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage Partnership Finance” logo is trademarked by the Federal Home Loan Bank of Chicago.