Natural Disaster Announcement

Last Updated on July 3, 2024

This announcement covers MPF Natural Disaster Resources

Over the last few months, communities in our district have experienced severe damaging weather events.  Responding to borrower questions due to natural disasters can be overwhelming as they are not just a customer – they are your neighbors and community.

As your partner, FHLB Des Moines and Mortgage Partnership Finance Program can provide the guidance and resources our PFIs need to help navigate through these difficult situations.  The MPF Program Selling and Servicing Guides provide answers and direction on steps you need to take. You will see specifics on where to find information to fit your needs below. In addition, if you have specific questions or need further understanding, you can reach out to us directly for assistance at:

mpfservicing@fhlbc.com

mortgageproductgroup@fhlbdm.com

We hope you find this information helpful.  Please let us know if you have any questions.

MPF Program Guide:

• Chapter 9- MPF Program Major Disaster Related Policy

MPF Traditional Selling Guide:

• Chapter 2.6.2.2.1 Limited Cash-Out Refinance for Disaster Impacted Properties

• Chapter 7.15. Properties Located in Major Declared Disaster Areas

MPF Xtra Selling Guide:

• Chapter 2.3.3 Eligible Transaction Types

• Chapter 6 Property Requirements

MPF Government MBS Selling Guide:

• Chapter 2.1.4 Properties Impacted by a Major Disaster

MPF Traditional Servicing Guide:

• Chapter 4.6.6 Major Disasters

• Chapter 4.6.7 Uninsured Disaster or Vandalism Losses

• Chapter 8.2 Delinquent Government Loans

• Chapter 8.7 Major Disaster Assistance

• Chapter 8.7.1 Statement of Policy

• Chapter 8.7.2 Offering Assistance to the Borrower

• Chapter 8.7.3.1 Government Loans

• Chapter 8.7.4 Foreclosure Action

• Chapter 8.7.5 Insurance Proceeds

MPF Xtra Servicing Guide:

• Chapter 8.5 Natural Disasters

MPF Government MBS Servicing Guide:

• Chapter 4.6.6 Major Disasters

• Chapter 4.6.7 Uninsured Disaster or Vandalism Losses

• Chapter 8.7 Major Disaster Assistance

• Chapter 8.7.1 Statement of Policy

• Chapter 8.7.2 Offering Assistance to the Borrower

• Chapter 8.7.4 Foreclosure Assistance

In addition, PFIs and Servicers originating, delivering or servicing:

• MPF Traditional Government loans must follow the disaster relief policies and guidance issued by the applicable Government Agencies.

• MPF Government MBS loans must follow the disaster relief policies and guidance issued by the applicable Government Agencies and Ginnie Mae.

• MPF Xtra loans must follow the disaster relief policies and guidance issued by Fannie Mae