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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.


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