As a member of the Federal Home Loan Bank of Chicago, Citizens First uses the MPF Program’s Government product to provide affordable VA loans with the personalized service of a community bank.

In 2017, we leveraged our membership with our local Federal Home Loan Bank to begin selling loans into the Mortgage Partnership Finance (MPF) Program.

We’ve been selling loans into the MPF Program through our membership with the FHLBank Chicago. The MPF Program helps us stay competitive and keep homeownership affordable for our customers.

By partnering with our local Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) and participating in the MPF Program, we’ve also gained access to tools that help us attract and benefit more mortgage borrowers in our communities

Fannie Mae (FNMA/OTCQB) today announced that it has approved the Mortgage Partnership Finance® (MPF ®) Program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, to sell loans made to Native Americans and secured by tribal trust lands under the company’s Native American Conventional Lending Initiative (NACLI) program.

We’ve worked with the Federal Home Loan Banks’ Mortgage Partnership Finance® (MPF) Program to offer affordable home financing for over 20 years—because their pricing, features, and service all place our members’ needs at the forefront.

How Our Bank Combined the Innovation of eNotes with the Benefits of the Mortgage Partnership Finance Program

Unlike most investors, the MPF Program doesn’t charge loan-level price adjustments (LLPAs) for mortgages sold under its MPF Traditional products, so our members won’t have to pay additional fees based on their loan-to-value ratio, credit score or other loan attributes.

After nearly 18 years in various roles across FHLBank Chicago and with the Mortgage Partnership Finance Program (MPF), John Stocchetti has announced his intention to retire. The MPF Program will continue to be a tremendous asset to our participating financial institution members, supporting members of other Federal Home Loan Banks nationwide.

With the MPF Program, NorthCountry has the control, the rates, and the relationships we need to deliver the kind of high-quality member experience that sets a credit union apart.

Matt Gerber, Vice President, Mortgage Lending, explains why Royal Credit Union partnered with the FHLBank Chicago’s MPF Program to diversify their mortgage product offerings.

By working with the Mortgage Partnership Finance® (MPF) Program, Texas Tech Credit Union has made the dream of homeownership more realistic for many of our members, even in this high-rate environment.

Floyd Goode, Senior Vice President, Chief Lending Officer, TTCU Federal Credit Union, explains how the MPF Program has helped grow their mortgage business.

Mortgage Partnership Finance® Program surpasses $1 billion in Credit Enhancement Income Paid to Federal Home Loan Bank Members

Since we began selling conventional loans into the Mortgage Partnership Finance® (MPF) Program four years ago, it has become an indispensable tool to help us fulfill that mission.

The MPF Program has proven to be a beneficial outlet for Harvard University Employees Credit Union (HUECU).

Credit Union 1—based in Rantoul, Illinois, with roughly 85,000 members—began selling conventional loans through the Mortgage Partnership Finance® (MPF) Program shortly after we joined the Federal Home Loan Bank of Chicago in 2016.

The MPF Program was created in 1997 to provide Federal Home Loan Bank members with reliable access to the secondary mortgage market, allowing our members to offer a wider range of mortgage products at more competitive rates.

The Federal Home Loan Bank of Chicago and Ginnie Mae reach $3 Billion Milestone in MPF® Government MBS

Working with the FHLBanks’ Mortgage Partnership Finance® (MPF) Program has allowed us to access the secondary mortgage market while maintaining those relationships and ensuring that our members receive exceptional support throughout the life of their loan – even when it’s no longer on our balance sheet.