FHLB Dallas members that become Participating Financial Institutions (PFIs) may gain opportunities to sell certain fixed-rate, conforming mortgage loans into the secondary market via FHLB Dallas' Mortgage Partnership Finance®(MPF®) Program. PFIs that participate in the MPF Program maintain control of customer relationships through the various options to retain servicing.
MPF Program Offers the Following Benefits to PFIs
- Fixed-rate residential mortgage loans offered to borrowers
- Access to the secondary market
- Mandatory and best efforts pricing options available
- Option to retain servicing or sell servicing for a premium
- The ability to transfer interest rate and prepayment risks typically associated with holding long-term, single-family mortgage loans to the investor
- Single loan or bulk delivery
- Next-day funding
Thank you for choosing FHLB Dallas and the MPF Program.
"While the markets have undergone pricing volatility in recent years, the Mortgage Partnership Finance® (MPF®) Program at FHLB Dallas has provided us with consistent access to the secondary market and competitive pricing. The monthly performance-based income MPF pays our organization as our loans perform has been a real benefit and has contributed favorably to the bottom line."
