MPP Announcement - Payment Deferrals

Last Updated on November 24, 2020

This MPP Announcement includes information on MPP Payment Deferrals due to the COVID-19 pandemic.

The Bank is offering a new solution for servicers to assist borrowers impacted by COVID-19. In addition to a repayment plan or a modification, servicers may now evaluate borrowers for an MPP Payment Deferral. All deferral requests must be submitted to the FHLB Des Moines Mortgage Product group for review via email ( prior to offering an MPP Payment Deferral to a borrower. The PFI or servicer will have to provide evidence that all qualifications are met and must send a copy of the executed deferral agreement to after it is received from the borrower.


  • Loan is a conventional loan
  • Loan was current or less than 30 days delinquent as of 3/1/2020
  • Evidence that the Servicer has assessed the loan is not eligible for a repayment plan of up to 12 months
  • Borrower has been on a COVID-19 related forbearance plan that has been previously reported to FHLB Des Moines
  • The Property cannot be vacant or condemned
  • More than 31 days delinquent but less than 365 days delinquent as of the evaluation date
  • Not subject to an active and performing modification or repayment plan
  • The deferral must be made in writing and will only be accepted after your request has been emailed to and approved


Our Mortgage Product Group is ready to assist you with any questions or concerns you may have.

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