AWACSMortgage compliance intelligence from Flightline

FHLB Chicago MPF · Program Announcement MPF Announcement 2026-52 · Published

Revisions to Exhibit GG MPF Traditional Repurchase Request

The MPF Program revised its repurchase documentation for MPF Traditional mortgages to reflect current quality control practices. Under the revision, the initial step is renumbered as step four, and two subsequent steps have been eliminated.

Review recommendedAll checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: This update applies to conventional loans delivered under the MPF Traditional program that undergo quality control repurchase reviews.

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 area
Records
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 Exhibit GG
RequirementPreviouslyNow
Exhibit GG repurchase workflow formattingClarifiedNot statedStep 1.A is relocated to Step 4 while former Steps 1.B and 1.C are eliminated to align with current review procedures.

What to do

AWACS interpretation · not source language

What to review: Review the updated Exhibit GG workflow steps for MPF Traditional repurchase requests to ensure internal documentation aligns with the renumbering and step removals.

QC implications

  • Quality control should verify that MPF Traditional repurchase requests reflect the updated Exhibit GG workflow numbering and omit the eliminated steps.

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.