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Still have questions about the MPF Program? Need additional resources and help? View the MPF FAQs, glossary or contact our Member Sales team to explore the MPF Program further, and you will know everything about the MPF Program in no time.

Glossary and General MPF Program FAQs

Do you have a question about the MPF Program? We are here to help. Start with our most frequently asked questions below. You may also come across several new terms and acronyms unique to the MPF Program as you navigate this site. Explanations and definitions to common MPF Program terms are down below.
Annual Eligibility Certification (AEC)
The AEC is submitted by PFIs that are active in the MPF Program (seller and/or servicer) or have outstanding MPF loans.
Credit Enhancement (CE)
Determines each loan's risk in the form of a dollar amount or a percentage.
Credit Enhancement Fee (CE Fee)
A fee payable monthly by an MPF Bank to a Participating Financial Institution (PFI) in consideration of the PFI’s obligation to fund the realized loss for a master commitment.
Credit Enhancement Obligation (CEO)
Obtained when completing the loan presentment process either manually or via the batch submission process. Results are given in both a percentage and dollar amount and represent the amount of risk you share.
Delegation of Authority (DOA)
Your DOA determines the specific individuals who can transact MPF Program business and at what level.
Delivery Commitment (DC)
Also referred to as "rate lock." An agreement in which you commit to deliver mortgage loans to an investor pursuant to a Master Commitment, at a specified price on or before a specified date. May be either a Mandatory Delivery Commitment or a Best Efforts Delivery Commitment.
Document Custodian
A website where you transact MPF Program business.
Stands for Federal Home Loan Banks. FHLBanks are privately capitalized, cooperative government-sponsored enterprises created by Congress to support housing and community development. There are 11 regional Federal Home Loan Banks in the United States located in Atlanta, Boston, Chicago, Cincinnati, Dallas, Des Moines, Indianapolis, New York, Pittsburgh, San Francisco and Topeka.
Stands for Freddie Mac (Federal Home Loan Mortgage Corporation). Freddie Mac is a government-sponsored enterprise and a congressionally chartered institution that buys mortgages from lenders and resells them as securities on the secondary mortgage market.
First Payment Date
Typically the first day of the month following the first full month of interest.
Stands for Fannie Mae (Federal National Mortgage Association). Fannie Mae is a government-sponsored enterprise and a federally chartered corporation that purchases qualifying mortgages from lenders and sells securities backed by mortgage loans to investors.
Loan Presentment
Method of providing loan details and borrower information to MPF Program.
Master Commitment (MC)
A document (including any addenda or attachments) executed by a PFI and an MPF Bank, which provides the terms under which the PFI will deliver mortgage loans to the MPF Bank.
Master Servicer
An MPF program vendor that receives monthly servicing reports from all MPF Program servicing retained PFIs. The master servicer will work with the PFI to validate the monthly reports and report the final data to the MPF Program. PFIs will work with the master servicer directly on all servicing issues such as property losses, loan modifications, MI cancelation, loss mitigation, delinquencies and foreclosures.
Mortgage Partnership Finance® (MPF®)
MPF Program is a mortgage purchase program established by the Federal Home Loan Bank of Chicago to provide a competitive secondary market alternative for members of participating Federal Home Loan Banks. Mortgage Partnership Finance and MPF are registered trademarks of the Federal Home Loan Bank of Chicago.
MPF Bank
Any Federal Home Loan Bank that participates in the MPF Program is considered an MPF Bank. FHLB Dallas is an MPF Bank.
MPF Funding
MPF Program purchases the loan. The date of the MPF Program purchase is considered the sale date.
MPF Provider
The Federal Home Loan Bank of Chicago serves as central operations for PFIs and MPF Banks relating to the MPF Program.
MPF Service Center
The MPF Service Center is there to answer any questions PFIs have on the MPF Program's products and services. The MPF Service Center can be reached at 877.FHLB.MPF.
Participating Financial Institution (PFI)
A PFI is an eligible member or housing associate participating in the MPF Program.
Quality Control (QC)
Quality Control is the process of reviewing a loan to determine program eligibility, accuracy of underwriting and existence of required documentation.
Servicing Released Premium (SRP)
The amount paid to a PFI in return for sale of the Mortgage Servicing Right (MSR) associated with an MPF Program loan. The servicing acquirer will retain future monthly servicing fee on loans where the originating PFI has received a one-time SRP in return for sale of the MSR.
How do I report MPF Program on my call report?
The MPF Program and FHLB Dallas do not provide guidance regarding completion of your Call Report; we are not call report experts. However, Wilary Win. LLC has done extensive research on the MPF Program and can provide you with guidance on how to report including the MPF SSFA Calculator. You may also reach out to your regulator. Wilary Winn is in St. Paul, Minnesota.
What is this transaction on my DDA account?
When delivery commitment extension fees, pair off fees and MPF Program is suggested that these emails be forwarded to the PFI’s accounting department, so they are aware of the transactions going through the general DDA account. Other fees that may need to be communicated to the accounting department would include custody fees and late investor reporting fees.
Are there reports that allow me to see MPF Program activity?
Reports for managing MPF Program activity are available within the eMPF website. Forms required for managing MPF Program authority updates are available on the microsite under the “Resources” tab.

Below you will find samples of some reports available in eMPF, as well as a description of these reports.
  • Pool detail report
  • Pool detail report definitions/field descriptions
  • MC detail report
  • MC detail report definitions/field descriptions
  • Active MC summary report
  • Active MC summary report definitions/field descriptions

These are not real time reports.
Can more than one funding occur on a single business day?
Yes, if more than one funding occurs on a single business day, entries will be combined on a single line item in a PFI’s primary DDA statement.
How do I reactivate my MPF activity?
Please contact your member sales manager to begin reactivation.
How do I reset my eMPF® access?
  • If you have your user ID and have forgotten your password, enter the user ID, then click "Forgot Password."
  • If you have neither your user ID nor password, please contact your member sales manager via email at
What is Credit Enhancement (CE) and how is it paid?
MPF Program is a unique program where the member shares in a small amount of the risk on the mortgage loans sold into the MPF Traditional program. MPF Program pays the member a monthly fee (net Credit Enhancement fee, or CE Fee) for sharing in the loan risk for as long as the loan is on FHLB Dallas books. This site has an on-demand webinar under the Resource tab that provides an in-depth overview of how the risk sharing works
When and how do I remit MPF Traditional P&I?
  • As the borrower’s payments are collected the funds are held in the MPF P&I Custodial account (the DDA set up at your institution when you applied to the MPF Program).
  • PFI monitors the P&I custodial account daily
  • Any amount remaining in the account on the first day of the month following cut off (regardless of the balance) must also be transferred to the MPF A/A account
  • The MPF A/A account is set up exclusively for P&I remittances
  • Transfer funds by 10:00 a.m. CT on the next business day following receipt of the funds – the earlier the better
  • The MPF Servicing Guide says 2:00 p.m., but the best practice is 10:00 a.m. particularly when funds are sent via ACH
  • Non-compliance will result in assessment of penalty fees
  • You have three remittance options
    • Wire
    • Recurring ACH
    • Transfer funds from one FHLB Dallas account to the account designated exclusively for P&I remittance
  • P&I remittances will accumulate at FHLB Dallas in a non-interest-bearing account
  • Once a month the account will be debited based on the reports submitted to and reconciled with the master servicer
  • Debits will occur on the 18th of each month or the prior business day if the 18th is a non-business day
  • Loan servicing traditional
When and how do I remit MPF Xtra® P&I?
  • Remittance of MPF Xtra® P&I Funds
  • Funds are to be remitted daily regardless of the dollar amount
  • By 10:00 a.m. CT on the next business day following receipt of the funds
  • The MPF Xtra Servicing Guide says 2:00 p.m., but the best practice is 10:00 a.m. particularly when funds are sent via ACH
  • P&I payments net of the servicing fee must be remitted to the P&I Custodial Account at the Federal Home Loan Bank of Chicago (FHLB Chicago)
  • This account is established for you; there is no action required on your part
  • FHLB Dallas will provide you the account information
  • Non-compliance will result in assessment of penalty fees
  • Remit daily regardless of the dollar amount collected
  • If a correction is required; adjust your next remittance
  • Remittance Options
    • ACH remittances to FHLB Chicago – highly recommended
    • Daily remittances are sent to the Chicago DDA via ACH transaction or via wire
    • Wire remittance to FHLB Chicago
  • FHLB Chicago Bank routing number – ABA 071004501
  • To DDA #0000XXXXX (9 digits)
  • Must contain check digit – check digit not displayed on eBanking Statement
  • Loan Servicing Xtra
Where can I find the online guides?
Visit and click on "Online Guides."
Where do I register for AllRegs alerts?
Visit and click on "AllRegs Guides." From there, click on "Email Subscriptions" and check the box, "I want to receive announcements and notifications about this site." Click "Update" to confirm your selection.
Who is the MPF Program master servicer?
Wells Fargo Corporate Trust. Wells Fargo performs various master servicing duties on the MPF Program provider's behalf in connection with the MPF Program.
Who is the MPF Program custodian?
Wells Fargo custody. Wells Fargo provides mortgage document custodial services for the MPF Program and its PFIs.
Who is the MPF Program provider?
FHLB Chicago serves as manager and provider of services to PFIs and MPF Banks in connection with the MPF Program.

MPF Overview

A Closer Look

A Reward for Risk Sharing