Federal Home Loan Bank of Atlanta Introduces MPF Xtra® Product |
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Robert Dozier, Executive Vice President and Chief Business Officer at FHLBank Atlanta. FHLBank Atlanta is the tenth Federal Home Loan Bank to Join the MPF Program.
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) and the Federal Home Loan Bank of Chicago announced today that the Atlanta Bank is now participating in the Mortgage Partnership Finance® (MPF®) Program.
FHLBank Atlanta is now offering the MPF Xtra® product, which allows Participating Financial Institutions that are members of the cooperative to sell fixed-rate, conforming mortgage loans in the secondary market. Through MPF Xtra, home loans are aggregated and sold to Fannie Mae at competitive rates.
“Our shareholders count on us to deliver innovative products like MPF Xtra that can improve their competitive positioning and help their businesses grow,” said FHLBank Atlanta Executive Vice President and Chief Business Officer Robert Dozier. “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.” Dozier added, “The addition of FHLBank Atlanta and the Southeastern region to the nine FHLBanks already enrolled in the MPF Program provides an even greater opportunity for MPF Xtra to play a national role in mortgage finance.”
“We are delighted to welcome the FHLBank Atlanta as a member of the MPF Program,” stated John Stocchetti, Executive Vice President & Group Head, Mortgage Partnership Finance Program at the Federal Home Loan Bank of Chicago, which provides the operational and administrative support for the MPF Program. “It speaks to the significant benefits of this program for members of the FHLBank System.” FHLBank Atlanta joins nine other FHLBanks that offer the MPF Program: Boston, Chicago, Dallas, Des Moines, New York, Pittsburgh, San Francisco, Seattle, and Topeka.
Click here for the complete press release.
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This newsletter contains forward-looking statements which are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “anticipates”, “believes”, “expects”, “could”, “plans”, “estimates”, “may”, “should”, “will,” or their negatives or other variations on these terms.We caution that, by their nature, forward-looking statements involve risk or uncertainty, that actual results could differ materially from those expressed or implied in these forward-looking statements, and that actual events could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk factors set forth in our periodic filings with the Securities and Exchange Commission, which are available on our website at www.fhlbc.com. We assume no obligation to update any forward-looking statements made in this newsletter. |
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