Mortgage Partnership Finance ®
Program

eMPF is a secure, transactional site where members can conduct secondary market transactions in a high-speed, safe environment.

Positive Impact
Our members are achieving success with our MPF products. Explore our community success stories.

Flexibility, Personalized Service & Fee-Income Potential

Since its inception, the Mortgage Partnership Finance ® (MPF ® ) Program has supported members' residential mortgage originations, offering an alternative to selling mortgages on the secondary market.

About the MPF Program

The MPF Program combines the credit expertise of our members with the funding and risk-sharing advantages of FHLBank Pittsburgh, providing a profitable alternative to funding mortgages. Our participating members can choose from credit enhanced and non-credit enhanced options that will enable them to offer competitive mortgage products.

• Fixed-rate, fully amortizing loans (hybrid ARMs available through our MPF Direct product)
• Owner-occupied and second homes (investment properties available through our MPF Direct product)
• Conforming and high balance loan amounts

MPF Program Benefits

• Convenient and easy to use with same-day delivery and funding for the credit risk-sharing product options
• Personalized attention from expert mortgage professionals
• Flexible with retained or released servicing options
• Fee income potential:
  • Credit enhancement fee
  • No loan-level pricing adjustments
  • Activity-based dividend potential*

  MPF Program Options

  At FHLBank Pittsburgh, we offer a broad range of mortgage program choices that help our members to be in the business of providing mortgage financing to customers in their communities.

  MPF Original

  • Credit risk sharing with FHLBank Pittsburgh
  • Credit enhancement fee income for members
  • No loan-level price adjustments
  • Seasoned mortgage sales may be eligible
  • Servicing retained and released options available

  MPF 35

  • Credit risk sharing with FHLBank Pittsburgh
  • Credit enhancement fee income for members
  • No loan-level price adjustments
  • Seasoned mortgage sales may be eligible
  • Servicing retained and released options available

  MPF Government

  • Fixed-rate mortgages that are insured or guaranteed by government agencies, including FHA, VA and Guaranteed Rural Housing Section 502
  • Servicing retained and released options available

  MPF Xtra ®

  • Off-balance sheet loans sold through the FHLBank Chicago to Fannie Mae
  • No capital stock requirement
  • No credit enhancement
  • Loan-level price adjustments may apply
  • Servicing retained and released options available