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Federal Home Loan Bank of Seattle Joins the MPF® Program |
It is the second Home Loan Bank to join this year, bringing the total to eight.
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Loan Subservicing Benefits |
| While many Participating Financial Institutions (PFIs) choose to manage all of the mortgage needs of their customers primarily, to maintain the customer connection, the Mortgage Partnership Finance® (MPF®) Program offers the opportunity for PFIs to utilize subservicing. |
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PFI Conversation: Excellent Servicing Retention Solution |
| MPF in Focus recently spoke to Jason Pall, CFA, FRM, Director of Finance at UW Credit Union, who manages the pricing and risk areas and Julio Rios, Associate Vice President Mortgage Lending at UW Credit Union, who handles operations and sales regarding their experiences with the MPF® Program. |
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Loan Quality Initiative: Update |
| In March 2013, the MPF® Program began publishing PFI Advisories on the subject of Quality Mortgage Guidance. Through the quality control review process the MPF Program identifies common underwriting deficiencies across all PFIs reviewed. |
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Webinars Continue to be Well-Attended |
As of May 31, the MPF Program has conducted or hosted close to 30 webinars covering origination, underwriting, and servicing topics. Over 2,400 PFI staff members have attended these webinars. The most popular were the Rural Housing Underwriting and PFI’s In-House Quality Control Program webinars. See the Webinar Training Calendar at http://www.fhlbmpf.com/info/calendar.asp for upcoming dates and times.
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The MPF Program Remains Attractive to PFIs |
| PFIs continue to find the MPF Program a very competitive secondary market outlet as the program reports purchases of $5.9 billion year-to-date, as of June 30, 2013. |
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