AWACSMortgage compliance intelligence from Flightline

FHLB Chicago MPF · Selling Announcement MPF Announcement 2026-21 · Published

Fannie Mae SEL-2026-03 Alignment for MPF Xtra Delivery

FHLB Chicago communicates Fannie Mae updates affecting MPF Xtra delivery, extending DU casefile retention for single-close construction loans and supporting employer income verification. Participating financial institutions must continue providing standard quality control review materials.

Review recommendedAUS submissions on or after Apr 25, 2026Checks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · needs review

Applies to: Mortgages evaluated through Desktop Underwriter under the MPF Xtra product line.

Addressed to
MPF participating financial institutions (PFIs)From the publisher, not quoted from the text
Investor
MpfFrom the publisher, not quoted from the text
Programs
DU only
Affected areas
Employment verification; Eligibility
Effective
AUS submissions on or after Apr 25, 2026
Applicability confidence
Needs review: some rows could not be matched to a quote from the source

Summary by AWACS. FHLB Chicago MPF's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement
RequirementPreviouslyNow
Desktop Underwriter casefile archival timeframeRelaxedPreviously: Casefiles were archived after 540 days from creation.Casefiles are archived after 660 days from creation for single-close construction loans.
Desktop Underwriter income validation enhancementsRelaxedNot statedDU validation service accommodates income verification at the employer level.

What to do

AWACS interpretation · not source language

What to review: Review the updated 660-day Desktop Underwriter retention period for single-close construction loans and the availability of employer-level income validation.

QC implications

  • Sample MPF Xtra files utilizing Desktop Underwriter employer-level income validations to ensure system findings align with documentation.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed, adjusted automatically

    Anything marked required is backed by the requirement language and dates in the source.

    • A detail the source does not support was removed or adjusted
    • An independent check could not confirm a requirement; it is shown as review, not action

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed, adjusted automatically

    The record follows the AWACS format and uses its standard labels.

    • A detail the source does not support was removed or adjusted