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The MPF^® Program: How the Power of Partnership Can Work for You Right Now

With the current volatility and changes in the housing market, member financial institutions have renewed opportunities to provide mortgage financing solutions to their customers and communities in partnership with FHLBank Pittsburgh.

The Mortgage Partnership Finance® – or MPF – Program offers members of the FHLBank System a competitive alternative to selling their 1-4 family fixed-rate mortgages to other secondary market investors or retaining them on their balance sheets. More than 70 FHLBank Pittsburgh members currently participate in the MPF Program.

Under the MPF Program, FHLBank funds conforming fixed-rate mortgages with terms up to 30 years. FHLBank then pays members a fee for assuming a portion of the credit risk, while FHLBank takes on the interest rate risk of the mortgages. The MPF Program offers a variety of transactional credit structures, depending upon your institution’s preferences and risk tolerances.

Why You Should Consider Funding Loans Under the MPF Program Right Now:

Competitive Pricing

The MPF Program pricing structure is simple and benefits your bottom line.

• No complicated pricing structures.
• No add-ons.
• No penalties for certain loan types.

Credit Decisions Are Yours

With the MPF Program, you continue to make credit decisions for your loans.

• FHLBank manages the funding, interest rate and prepayment risks.
• You retain the valuable customer relationships.
• You also retain the opportunity for valuable cross sales.

No Risk of Feeding the Competition

With the MPF Program, you never have to worry about sending business to your competitors.

• No competitors buying your mortgage loans.
• No third-party lenders contacting your customers for their other business.

You Get Paid a Fee

Fee income from the MPF Program can provide big rewards to your institution.

• No costly guarantee fees are collected.
• You are paid a fee to manage your share of the credit risk

Maximizing Your Membership

The MPF Program shows the power of partnership at work for you, every day.

• For more than 75 years now, FHLBank Pittsburgh has been there for you.
• We provide you a steady stream of readily available liquidity.
• The MPF Program adds even more value to your membership.

If you are not currently an approved Participating Financial Institution (PFI), you should consider joining now:

Signing Up Is Simple

The application process is easy.

• A qualified team of MPF Program professionals stands ready to help you apply.
• There’s no application fee for the MPF Program.

Training is a Breeze

Once you’ve applied and been approved, we continue to assist you.

• Our knowledgeable mortgage professionals provide onsite training at your own offices
• We come to you, offering you optimal flexibility in getting up and running.

To sign up for the MPF Program, or for more information, contact Business Development Manager Jeff Acquafondata at 1-800-288-3400, x5190, or call MPF Customer Service at 1-800-288-3400, x5475 or contact your Relationship Manager.

DISCLAIMER
The information presented is not investment or business advice, nor is it an offer to extend credit or buy any security or financial product. Readers must not rely on any of this information when making any investment, business or credit decision.

FHLBank products are governed by various agreements between FHLBank and its customers, as well as certain FHLBank policies and applicable regulations. In the event of any inconsistencies between information contained in this article and such agreements, policies and regulations, the agreements, policies and regulations will be determinative.

“Mortgage Partnership Finance” and “MPF” are registered trademarks of the Federal Home Loan Bank of Chicago.