More than 70 HLB member institutions are approved to do business under the MPF Program, with more joining each day -- commercial banks, savings banks and credit unions. These institutions have sold over 25,000 residential mortgage loans into the program, totaling more than $3 billion. There is no minimum amount of loans you need to deliver to take advantage of these benefits.
- Access to the secondary market with competitive upfront pricing
- Elimination of guarantee fees, adverse market fees, and loan level price adjustments
- Transfer interest rate and prepayment risks to the HLB
- Additional fee income earned for assuming a portion of the credit risk and for servicing the loans
- Choice of two product options, depending on your risk tolerance
- No minimum amount of loan deliveries required for participation
- Free web-based training programs and access to a dedicated customer service staff
- Convenient electronic transaction processing through the eMPF® website
If you are ready to take advantage of these and other great opportunities offered by the MPF Program, call your MPF Representative at (212) 441-6710 or (212) 441-6712.