AWACSMortgage compliance intelligence from Flightline

FHLB Chicago MPF · MPF Announcement 2026-28 · Published

Submission Deadline for Collateral Document Release Requests

Servicers must provide collateral release requests no later than the subsequent month's second business day after a liquidation or loan payoff. The standard applies across MPF Traditional, Government MBS, and Xtra servicing guides.

Action requiredIn effect nowAll checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Servicers handling loans under the MPF Traditional, MPF Government MBS, and MPF Xtra programs.

Addressed to
MPF participating financial institutions (PFIs)From the publisher, not quoted from the text
Investor
MpfFrom the publisher, not quoted from the text
Affected documents
Document release request forms
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

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 · Section 10.12, 9.12, 10.10
RequirementPreviouslyNow
Release of documents request deadlineTightenedRequiredNot statedServicers must deliver document release requests no later than the subsequent month's second business day following loan liquidation or payoff.

Also affected: Sections 10.12, 9.12, 10.10.

What to do

AWACS interpretation · not source language

What to review: Review the mandatory immediate timing requirement that collateral document release requests must be submitted no later than the second business day of the month following loan payoff or liquidation.

Servicing

Submit collateral document release requests immediately by no later than the second business day of the month following a loan payoff or liquidation.

QC implications

  • Sample liquidated and paid-off loan files across applicable MPF programs to verify that document release requests are delivered by the second business day of the subsequent month.

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

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

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

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