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Mortgage Asset Program (MAP®)

A New Secondary Market Outlet

The Federal Home Loan Bank of New York (FHLBNY) offers the Mortgage Asset Program (MAP®) as a secondary market outlet for our members to fund mortgages and be competitive in offering fixed-rate mortgage loan products. MAP gives mortgage lenders an alternative to funding mortgages while allowing flexibility and transparency from both an operational and an economic perspective.

Key Features

  • A flexible program with competitive pricing catered to our local markets
  • No loan level price adjustments
  • A pathway to accumulate FHLBNY Stock – members are required to purchase capital stock equal to 4.5% of what they deliver into MAP
  • Simplified credit risk sharing structure with the added potential to be rewarded with fee income for strong loan performance
  • No risk-based capital impact or collateralization requirements on loans sold
  • Newly Released: Tiered pricing based on loan size for fixed 30-year delivery commitments.
    With this release, MAP pricing for lower balance loans will be more competitive making it more advantageous for you to sell smaller balance loans through MAP.
  • Now Available: Servicing-Released sale option to maximize your upfront cash revenue received while also reducing operational expense

Loan Eligibility

Members can deliver fixed-rate conforming conventional and government mortgage loans with terms of 15, 20, and 30 years on owner-occupied primary and second homes. Property types include 1-4 unit, condos, units in Planned Unit Developments (PUDs), rural, and mixed-use. In addition, members have a choice of remittance types: Actual/Actual Multiple, Actual/Actual Single and Scheduled/Scheduled​. A servicing-released alternative is also available.

Benefits of Participating in MAP®

The FHLBNY is at your service!

  • Ease of Use for Members: we have a dedicated team of 19 employees whose priority is to provide members support from end to end as they sell loans into MAP
  • Customer Service and Vendor Control: the FHLBNY has a direct line of communication with the Quality Control, Document Custodian, and Master Servicing vendors to quickly address any member concerns
  • Transparency and Flexibility: we will continue to update and evolve MAP to tailor to member needs in a methodical and transparent manner, taking member feedback into account
  • Modern Technology Platform and Process: the FHLBNY works with a market leader to provide a customized asset management system that allows members to seamlessly manage their pipeline and master commitments
    • New: Partnership with the ICE PPE platform and Optimal Blue (OB) Marketplace to provide value-added services, such as real-time MAP rates and guidelines
  • True Sale: MAP’s risk-sharing structure allows for a “true” legal sale

Download the MAP® Overview

MAP® Factsheet

Contact Us

Relationship Managers
[email protected]

(212) 441-6700

Do you provide mortgages to low-to-moderate income (LMI) families?

The FHLBNY has allocated $5 million to help credit enhance LMI mortgages sold into MAP in 2024.

Learn More

MAP® Login

Go to Portal

MPF® Users:

For information on the Mortgage Partnership Finance (MPF®) Program

Click Here