Mortgage Partnership Finance®
Program

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eMPF is a secure, transactional site where members can conduct secondary market transactions in a high-speed, safe environment.

Positive Impact
Our members are achieving success with our MPF products. Explore our member success stories.

Flexibility, Personalized Service & Fee-Income Potential

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:
  • Fixed-rate, fully amortizing loans (hybrid ARMs available through our MPF Direct product)
  • Owner-occupied and second homes (investment properties available through our MPF Direct product)
  • Conforming and high balance loan amounts
More information can be found on the MPF Program website.

MPF Program Benefits

The MPF Program offers a broad range of options that enable members to realize multiple benefits, including:
  • Convenient and easy to use with same-day delivery and funding for the credit risk-sharing product options
  • Personalized attention from expert mortgage professionals
  • Flexible with retained or released servicing options
  • Fee income potential:
    • Credit enhancement fee
    • No loan-level pricing adjustments
    • Activity-based dividend potential*
  • 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
Learn more about MPF Original
  • 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
Learn more about MPF 35
  • 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
Learn more about MPF Government
  • 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

Learn more about MPF Xtra

  • Off-balance sheet loans up to $2.5 million sold through the FHLBank Chicago to Redwood Trust
  • Fixed-rate and hybrid adjustable rate mortgage loans
  • Loans are sold servicing released
  • No capital stock requirement
  • No credit enhancement
  • Up to 90% loan-to-value with no mortgage insurance
  • Loan-level price adjustments may apply

Learn more about MPF Direct

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