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Home » Store » Federal Home Loan Banks » FHLB Adds Servicing-Release Option to MPF Program

FHLB Adds Servicing-Release Option to MPF Program

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Federal Home Loan Banks

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The Federal Home Loan Bank system introduced a new servicing-released option from Nationstar Mortgage as part of its Mortgage Partnership Finance program. The program lets member lenders sell their fixed-rate government loans into the secondary market. and the new option is expected to be ready sometime in December. The MPF government mortgage-backed security product already had a servicing-retained option, in which the lenders service their own loans, but with the new product, FHLB bank members can use the full service options without the infrastructure or expertise needed to service the loans. John Stocchetti, executive vice president of the MPF program, which operates out of the Chicago FHLBank, said the new option is another step in the FHLBank system becoming a “one-stop shop” for its members.
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