AWACSMortgage compliance intelligence from Flightline

FHLB Chicago MPF · Announcement MPF Announcement 2026-66 · Published

Appraisal Dataset Transition Relief for Traditional and Xtra Programs

MPF Traditional participants may utilize the appraisal dataset transition extension through May 19, 2027 with no additional steps needed. For MPF Xtra, the November 2, 2026 mandate stays in effect unless the lender secured an exception directly from Fannie Mae.

Review recommendedIn effect nowAll checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Applies to mortgage loans delivered under the MPF Traditional and MPF Xtra products.

Scope differs by change; see each change below.

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
Report format
Affected documents
Appraisal reporting files
Exceptions
Direct Fannie Mae seller-servicers holding an agency-approved extension
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
RequirementPreviouslyNow
Appraisal transition relief for MPF TraditionalRelaxedNot statedParticipants in MPF Traditional are permitted to utilize the extension, with no additional steps required.
Applies when: Product is MPF Traditional
Appraisal dataset transition relief for MPF XtraRelaxedNot statedLenders delivering under MPF Xtra may access the extension only if they are direct agency seller-servicers with an exception granted by Fannie Mae.
Applies when: Product is MPF Xtra · Exception approved
Standard MPF Xtra appraisal dataset transition deadlineClarifiedNot statedFor other lenders under MPF Xtra, the extension is inapplicable and the effective implementation date remains November 2, 2026.
Applies when: Product is MPF Xtra

What to do

AWACS interpretation · not source language

What to review: Review the appraisal dataset transition flexibility allowing MPF Traditional participants to use the extension through May 19, 2027 without additional actions and determining whether Fannie Mae exceptions apply to MPF Xtra deliveries.

QC implications

  • Verify that any MPF Xtra loans utilizing the appraisal dataset transition extension have documentation confirming the lender is a direct Fannie Mae seller-servicer holding an agency-granted exception.
  • Confirm that MPF Xtra deliveries without a Fannie Mae exception comply with the November 2, 2026 transition mandate.

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.