The Federal Home Loan Bank of Seattle has joined the
“With MPF Xtra, we are very pleased to enable our members—typically small and midsized lenders—to offer the same competitively priced loans as their national competitors,” said FHLB-Seattle president and CEO Michael L. Wilson.
“MPF Xtra also gives participating members the option to retain the servicing of the loans they make, so that they can continue to provide the personal, high-quality service their customers appreciate. Alternatively, they can sell the servicing of the loans, whichever they prefer.”
FHLB-Seattle is the eighth FHLB to offer MPF, which besides Chicago includes Boston, Dallas (another recent addition to the program), Des Moines, New York, Pittsburgh and Topeka. There are 335 members of FHLB-Seattle, which covers Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, Wyoming, American Samoa, Guam and the Commonwealth of the Northern Marianas.
