Product Brochures - Federal Home Loan Bank of Des Moines
Product Brochures - Federal Home Loan Bank of Des Moines
Product Brochures - Federal Home Loan Bank of Des Moines
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Mortgage Partnership Finance ®MortgagePartnership FinanceProgramSteve SchuchmannVice President, MemberServices515.240.3295sschuchmann@fhlbdm.comMPF CustomerSupport <strong>Des</strong>k877.463.6673, Option #3Fax: 312.565.6918MPF-Help@fhlbc.comeMPF Helpdesk877.345.2673eMPF@fhlbc.comMortgage Partnership FinanceThe FHLB <strong>Des</strong> <strong>Moines</strong> 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 <strong>of</strong> their customer relationships rather than selling them to asecondary market agency or a private sector aggregator. Members may also choose to sell theservicing <strong>of</strong> their MPF loans to an approved MPF servicier. A variety <strong>of</strong> MPF products have beendeveloped that enable mortgage lenders <strong>of</strong> all types and sizes to take advantage <strong>of</strong> 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 <strong>of</strong> activity based stock and the PFI pledges collateral to cover their small amount <strong>of</strong>retained risk.MPF Xtra®The MPF Xtra <strong>Product</strong> allows PFIs to sell residential conforming fixed rate mortgage loans toFHLB <strong>Des</strong> <strong>Moines</strong> 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 <strong>of</strong> the MPF Program by visiting www.fhlbmpf.com/index.asp or bycontacting a FHLB <strong>Des</strong> <strong>Moines</strong> 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 <strong>of</strong> the <strong>Federal</strong> <strong>Home</strong> <strong>Loan</strong><strong>Bank</strong> <strong>of</strong> Chicago.6/1/12
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