A New Servicing Choice: MPF Traditional Products Now Provide Greater Flexibility
The MPF Program is expanding our selection of servicing released options, giving Participating Financial Institutions (PFIs) the flexibility to choose the best combination of pricing, execution, and overall experience for their individual needs. Earlier this month, we announced our latest addition: a new servicing released alternative for fixed-rate conventional and government loans sold under the MPF Traditional products.
 
Introducing CMC Funding
In addition to our current easy-to-use, competitive, and experienced loan servicer, Colonial Savings, we are now giving PFIs the opportunity to work with CMC Funding, a subsidiary of Capital Markets Cooperative. CMC Funding is a respected loan servicer with a history of supporting community lending institutions across the country.
 
Competitive Pricing, Simplified Execution
The CMC Funding option offers PFIs a variety of features that can enhance the process of selling servicing under the MPF Traditional products:
  • Market-competitive pricing, which is available now on the eMPF® transaction website.
  • Expanded loan eligibility, including the flexibility to sell loans PFIs have already serviced (with up to 24 payments applied).
  • A streamlined loan documentation process: Just upload electronic scans of mortgage files through eMPF, and the files will be sent to the servicer automatically—no additional servicing data are required.

Take a Closer Look
Getting started with the new MPF Traditional servicing released option is easy: If you’d like to learn more, contact your MPF Bank representative and watch for an upcoming webinar detailing this new option. If you’ve discussed this alternative with your MPF Bank representative and you’re ready to move forward, all you’ll need is to sign a master commitment specifying your choice to sell servicing released with CMC Funding—no separate purchase and sale agreement is necessary. 
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Federal Home Loan Bank
of Chicago
200 East Randolph Drive
Chicago, IL 60601
Phone: 877-463-6673
www.fhlbmpf.com

New loan purchases available through the Federal Home Loan Banks of
Atlanta, Boston, Chicago, Dallas, Des Moines, New York, Pittsburgh, San Francisco, and Topeka.
Copyright 2024, Mortgage Partnership Finance Program. "Mortgage Partnership Finance," "MPF," "MPF Xtra," and "eMPF" are registered trademarks of the Federal Home Loan Bank of Chicago. The "MPF Mortgage Partnership Finance" logo is a trademark of the Federal Home Loan Bank of Chicago.

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 instability of the credit and debt markets, economic conditions (including effects on, among other things, the housing market), changes in mortgage interest rates and prepayment speeds on mortgage assets, our ability to implement new or enhanced products or programs, and 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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