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A Competitive Option For Local Mortgage Lenders
The Mortgage Partnership Finance® ("MPF®") Program was designed with you, our members, in mind. In 1997, the MPF Program was established to provide a competitive secondary market alternative for more than 8,100 members of the Federal Home Loan Bank System.
Whether you sell your loans today or simply hold your loans in your own portfolio, the MPF Program can show you how you can increase your profitability, ensure liquidity, and earn more fees for the loans you originate.
The MPF Program gives mortgage lenders a more profitable alternative to selling mortgages in the secondary market. It allows member banks to be competitive in all the fixed-rate products. In addition, the MPF structure capitalizes on the lender's credit expertise (since you understand the borrower, the credit risk of the borrower and the community in which you originate loans). MPF combines that expertise with the HLB's expertise in handling interest-rate risk.
Therefore, unlike other secondary agencies where you sell them all the risk and pay them for taking on the risk, the HLB manages the interest rate, the liquidity and the prepayment risks, while the member manages the credit and servicing risks. The result involves the member receiving a very competitive price for loans plus fees over time for managing the credit and servicing risks.