The Mortgage Partnership Finance® Program (MPF®) provides access to the secondary market for FHLB members that are approved Participating Financial Institutions (PFIs). Nine of the 11 FHLBs purchase conventional and government loans from their PFIs through the MPF Program. (The FHLB of Cincinnati and the FHLB of Indianapolis purchase loans from their members through the Mortgage Purchase Program). The MPF Program provides multiple product offerings and execution options for individual PFIs to meet their secondary market needs.
The MPF umbrella includes a variety of fixed-rate conventional and government secondary market mortgage products. These products are categorized in two groups: MPF credit enhanced products, in which a PFI shares the credit risk with the FHLB, and non-credit enhanced products, in which credit risk is held by or transferred to a third-party entity.
MPF Overview
Credit Enhanced Products Overview
MPF Original
MPF 125
MPF 35
Non-Credit Enhanced Products Overview
MPF Xtra
MPF Direct
MPF Government
MPF Government MBS