MPF® Conventional Loans

Through the sale of fixed-rate residential mortgage loans into the MPF® program, Participating Financial Institutions (PFIs) can benefit from a competitive secondary market execution, manage liquidity, build servicing fee income, and receive additional revenue from sharing in the credit risk of their own underwriting.

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Conventional Loans:

Features and Benefits

  • ​Whole loan execution, either single loans or pools
  • Receive funding the day after loan delivery
  • Servicing fee income
  • Servicing-retained or servicing-released options
  • After funding note certification
  • Electronic processing through eMPF®
  • Loan limits: Agency conforming
  • Master Commitment size: $5 million minimum, optional delivery 
  • Maximum LTV: 95% 
  • ​Product type: Fixed rate, fully amortizing
  • Property type: All types (except co-ops and investment)
  • Remittance: Actual/Actual or Scheduled/Scheduled
  • Term: Up to 30 years fully amortizing
  • Agency automated or manual underwriting per MPF guidelines

MPF Traditional

  • Delivery Commitments: Loan level or bulk sale transactions available
  • Eligible properties: Owner-occupied one- to four-family units and second homes
  • No loan level price adjustments
  • Credit Enhancement fee income paid monthly
  • ​Credit Risk Sharing: When a loan default results in a loss, the losses are shared by FHLBank Boston and the PFI

MPF Xtra

  • Access to Fannie Mae products and program guidelines
  • Mandatory or best efforts delivery
  • Eligible properties: Owner-occupied, one- to-four-family units, second homes and investor properties (some restrictions apply; please contact your relationship manager ​for additional information)

Strategies + Insights

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More Details

​For more details about the MPF program, see our Products + Solutions Guide.

"Mortgage Partnership Finance," "MPF," "eMPF," and "MPF Xtra" are registered trademarks of the Federal Home Loan Bank of Chicago. The "MPF Mortgage Partnership Finance" logo is trademarked by the Federal Home Loan Bank of Chicago.