FHLBank Exec: MPF Here for Long Term

The Mortgage Partnership Finance program offered by a number of Federal Home Loan Banks is a long-term proposition and the "political scrutiny" surrounding the government-sponsored enterprises hasn't changed that, according to an executive from one of the Federal Home Loan Banks."The MPF program has always intended to be here [in the long run]," said Renee Pfender, a vice president at the Federal Home Loan Bank of Pittsburgh, at the Mortgage Bankers Association's National Secondary Market Conference. Speaking during a session on the "Role of the FHLB Today," she said the program includes several hundred participating financial institutions.