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Home » Store » News » FHLBank Mortgage Programs Offer Sellers Servicing-Released Options

FHLBank Mortgage Programs Offer Sellers Servicing-Released Options

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Lenders that sell mortgages to the two growing FHLBank loan purchase programs now have the option of delivering loans on a servicing-released basis. The Federal Home Loan Banks of Chicago and Seattle have separately announced the new servicing-released option as a way to make secondary market sales more profitable for certain lenders. The Chicago FHLBank runs the older of the two programs, the Mortgage Partnership Finance program, while the Seattle FHLBank was the first
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