Looking Back at MPF in 2019
posted on Thursday, January 16, 2020 in Mortgage Partnership Finance
A Message from MPG Leadership
More Members Realizing More Value
On behalf of the Federal Home Loan Bank of Des Moines (the Bank), I want to congratulate and thank our Participating Financial Institutions (PFIs) for a successful partnership in 2019! Because of our PFIs, the Bank’s mortgage program experienced significant growth in both origination volumes and member participation.
- Members sold more than $4.47 billion through our mortgage program during 2019. This represents a 72% increase over 2018 volume,
- 20 Members sold mortgages through our program for the first time in 2019, and
- A record 267 members sold during the year. This growth signifies more members are realizing more value from the Bank’s mortgage program!
I have the privilege of leading a talented, member-focused team here at the Bank. Our promise to our PFIs is to enhance member benefits and to help your institution identify where to find additional benefits within the Bank’s mortgage program. With this mission in mind, we look forward to a successful partnership in 2020!
Senior Vice President, Director of Mortgage Programs
Additional Highlights From 2019
Income Earned by PFIs
Leveraging the risk-sharing benefits of the MPF Traditional program, FHLB Des Moines PFIs are paid to manage the credit risk and relationships of their customers.
New and Improved Rate Sheet
We consolidated our MPF® Traditional and MPF® Xtra rate sheets into one, easy-to-use rate sheet. With a simplified layout, this new rate sheet helps clarify the pricing process, while hopefully decluttering your inbox at the same time. Sign up below if you’d like a daily snapshot of pricing sent to your inbox.
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Mortgage Conference Continues to Grow
Don't miss the opportunity to gain valuable insights to bring back to your mortgage team and customers. Save the date for our 2020 Mortgage Conference and look for registration information via email soon!
2020 Mortgage Conference | May 4-6, 2020 | Des Moines, IA
"Knocked it out of the park with motivational speakers this year. Thanks for all the great content opportunities this year. It was hard to choose my sessions."
— 2019 Attendee
mpf.fhlbdm.com Web Site
Visit mpf.fhlbdm.com to guide you through the application process and each step of training for the MPF Program—from how to apply to become a Participating Financial Institution (PFI) or how to to deliver your first loan.