Product Brochures - Federal Home Loan Bank of Des Moines

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Member Financial ServicesSETTLEMENTSFHLB Des Moines members may settle a variety of payments through their account including:• Settlement of Federal Reserve Bank transactions• Automated Clearing House transactions and settlement• Settlement of Federal Reserve Bank reserve requirementsOTHER ACCOUNT SeRVICES• Account maintenance• Daily and monthly statements available online for cash management• Timely audit confirmationsSafekeeping andCustody Services800.544.3452, ext. 5415Fax: 515.699.1245mfs-mpfservice@fhlbdm.comSafekeeping and Custody ServicesFHLB Des Moines offers a diverse range of safekeeping and custody services at competitiveprices that may improve member efficiency. The Bank provides securities safekeeping andcustody services for all types of securities including:• Federal Reserve Book entry• Depository eligible• Physical securitiesThird party securities pledging services, same-day cash settlement transactions, timelyresolution of payment problems and a monthly statement of holdings report are also available.6/1/12
Mortgage Partnership Finance ®MortgagePartnership FinanceProgramSteve SchuchmannVice President, MemberServices515.240.3295sschuchmann@fhlbdm.comMPF CustomerSupport Desk877.463.6673, Option #3Fax: 312.565.6918MPF-Help@fhlbc.comeMPF Helpdesk877.345.2673eMPF@fhlbc.comMortgage Partnership FinanceThe FHLB Des Moines MPF® Program provides members with the strength and reliability theyneed to serve customers’ housing finance needs. With the MPF Program, mortgage lenderscontinue to manage all aspects of their customer relationships rather than selling them to asecondary market agency or a private sector aggregator. Members may also choose to sell theservicing of their MPF loans to an approved MPF servicier. A variety of MPF products have beendeveloped that enable mortgage lenders of all types and sizes to take advantage of the differentstructures available under the MPF Program.MPF Original and 125 ProgramsThe MPF Original and 125 programs are risk sharing programs that generate additional,on-going fee income for Participating Financial Institutions (PFI). These services require thepurchase of activity based stock and the PFI pledges collateral to cover their small amount ofretained risk.MPF Xtra®The MPF Xtra Product allows PFIs to sell residential conforming fixed rate mortgage loans toFHLB Des Moines which will concurrently sell the MPF loans and transfer the market risk to asecondary market investor. Activity based stock and collateral are not required and the memberdoes not retain any credit risk.Discover the benefits of the MPF Program by visiting www.fhlbmpf.com/index.asp or bycontacting a FHLB Des Moines MPF representative. Further online resources can be accessedby visiting the eMPF website at http://www.fhlbmpf.com or reviewing the AllRegs online MPFguides at http://www.allregs.com/.“Mortgage Partnership Finance,” “MPF” and “MPF Xtra” are registered trademarks of the Federal Home LoanBank of Chicago.6/1/12
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Product Brochures - Federal Home Loan Bank of Des Moines

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