FHLBank Topeka Extends MPF Mortgage Investing To Members
April 10, 2015
The Federal Home Loan Bank Topeka now lets members invest in residential whole loan mortgages originated under the Mortgage Partnership Finance Program as an added opportunity and as a risk-sharing measure. This is the first time that an FHLBank has opened its shared credit risk program to members. Dan Hess, chief business officer and senior vice president of FHLBank Topeka, told Inside The GSEs that the bank has had a lot of success with the MPF program since it began 15 years ago and wanted to extend the opportunity to its members. “It’s been a high quality asset for us with a low level of defaults throughout the financial crisis,” he said.