Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
FHLB Atlanta joins Mortgage Partnership Finance program
ATLANTA (8/18/14)--The Federal Home Loan Bank (FHLB) of Atlanta has joined the Mortgage Partnership Finance (MPF) program that allows its banks, credit unions and other members to sell fixed-rate, conforming mortgages on the secondary market.

The FHLB Atlanta became the 10th regional bank in the FHLB system to participate in MPF's "Xtra" product, in which home loans made by members of a participating FHLB are bundled and sold to Fannie Mae ( Reuters Aug. 14).

"With MPF Xtra, our shareholders, regardless of their size, can offer their customers the same competitively-priced loans and keep the option to sell or retain the servicing of those loans," FHLB Atlanta Executive Vice President/Chief Business Officer Robert Dozier said in a statement.

The other FHLBs in the MPF program are Boston, Chicago, Dallas, Des Moines, New York, Pittsburgh, San Francisco, Seattle and Topeka, Kan.


RSS





print
News Now LiveWire
Improving economy will boost #creditunion earnings: @CUNA forecast http://t.co/dE2ozfzA6p
25 minutes ago
#NewsNow CU Effect: CU credit counseling helps members 'pull themselves out' of debt http://t.co/2fP4tOl25z
46 minutes ago
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
17 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
18 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
20 hours ago