Mortgage Partnership Finance® Program
FHLBank Atlanta participates in the Mortgage Partnership Finance® (MPF®) Program, which was established by the Federal Home Loan Bank of Chicago in 1997. The program gives FHLBank System members a competitive alternative for selling their mortgages into the secondary market. Since its inception, the program has assisted thousands of households nationwide with their home financing needs.
The MPF Xtra® product launched in 2008 under the MPF Program to provide small- and medium-sized FHLBank members with improved access to the secondary market. MPF Xtra provides an alternative to holding fixed-rate loans in portfolio, creating additional liquidity opportunities for our members who become Participating Financial Institutions (PFIs), and sell their loans under the MPF Program. MPF Xtra Product Fact Sheet
MPF® Direct is a jumbo loan product that partners the MPF program with Redwood Trust, Inc., a real estate investment trust. This unique partnership offers PFIs the opportunity to access private capital when they sell their fixed-rate mortgages into the secondary market, leveraging their FHLBank membership to obtain liquidity for loans up to $2.5 million. MPF Direct Product Fact Sheet
MPF® Government MBS
The MPF® Government MBS product is a competitively-priced solution that allows PFIs to sell fixed-rate government mortgage loans that are insured or guaranteed by the FHA, VA, and USDA. PFIs then have the flexibility to retain the servicing rights and fee income, or release the servicing rights to realize up-front income for their value. MPF Government MBS Product Fact Sheet
Are you an FHLBank Atlanta member interested in participating in this valuable program? Contact your relationship manager or the Funding Desk at 1.800.536.9650, extension 8011.
Mortgage Partnership Finance® (MPF) Anti-Predatory Lending Policies:
The Bank, as part of its housing finance mission, supports the expansion of fair and equitable homeownership opportunities. To discourage predatory lending practices, which are inconsistent with such opportunities, the Bank requires Participating Financial Institutions to adhere to the anti-predatory lending guidelines located in MPF Origination Guide Chapter 2.6: Predatory Lending. The MPF Origination Guide is available for free via AllRegs and can be accessed under the Resources drop down menu above – follow the link to the MPF Program Website and select Online Guides in the upper right hand corner of the site.
® "Mortgage Partnership Finance," "MPF," and "MPF Xtra" are registered trademarks of the Federal Home Loan Bank of Chicago. The Federal Home Loan Bank of Atlanta is not a registered investment advisor. Nothing herein is an offer to sell or a solicitation of an offer to buy any securities or derivative products. You should consult your own legal, financial, and accounting advisors before entering into any transaction.