Mortgage Partnership Finance® Program
Since its inception, the Mortgage Partnership Finance® (MPF®) Program has supported members residential mortgage originations, offering an alternative to selling mortgages on the secondary market.
About the MPF Program
The MPF Program combines the credit expertise of our members with the funding and risk-sharing advantages of FHLBank Pittsburgh, providing a profitable alternative to funding mortgages. Our participating members can choose from credit enhanced and non-credit enhanced options that will enable them to offer competitive mortgage products.
Secondary market mortgage program options include:
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Fixed-rate, fully amortizing loans (hybrid ARMs available through our MPF Direct product)
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Owner-occupied and second homes (investment properties available through our MPF Direct product)
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Conforming and high balance loan amounts
MPF Program Benefits
The MPF Program offers a broad range of options that enable members to realize multiple benefits, including:
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Convenient and easy to use with same-day delivery and funding for the credit risk-sharing product options
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Personalized attention from expert mortgage professionals
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Flexible with retained or released servicing options
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Fee income potential:
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Credit enhancement fee
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No loan-level pricing adjustments
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Activity-based dividend potential*
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- Partnership with FHLBank Pittsburgh gives members access to the secondary mortgage market
* DISCLAIMER: FHLBank Pittsburgh makes no commitment regarding payment of any dividends or the level of dividends.
MPF Program Options
At FHLBank Pittsburgh, we offer a broad range of mortgage program choices that help our members to be in the business of providing mortgage financing to customers in their communities.
- Credit risk sharing with FHLBank Pittsburgh
- Credit enhancement fee income for members
- No loan-level price adjustments
- Seasoned mortgage sales may be eligible
- Servicing retained and released options available
- Credit risk sharing with FHLBank Pittsburgh
- Credit enhancement fee income for members
- No loan-level price adjustments
- Seasoned mortgage sales may be eligible
- Servicing retained and released options available
- Fixed-rate mortgages that are insured or guaranteed by government agencies, including FHA, VA and Guaranteed Rural Housing Section 502
- Servicing retained and released options available
- Off-balance sheet loans sold through the FHLBank Chicago to Fannie Mae
- No capital stock requirement
- No credit enhancement
- Loan-level price adjustments may apply
- Servicing retained and released options available