After nearly 18 years in various roles across FHLBank Chicago and with the Mortgage Partnership Finance Program (MPF), John Stocchetti has announced his intention to retire. MPF will continue as a strategic product line of FHLBank Chicago, a tremendous asset to our members and an important product that supports members of other Federal Home Loan Banks nationwide.

John directly managed or oversaw the MPF business for 16 of the 27 years of the program’s existence, helping to create Government MBS, Direct products and MPF Xtra. John spearheaded upgrades to the MPF systems, worked to create the MPF Governing Council we have today, managed the Fannie Mae and Ginnie Mae relationships, and provided steady leadership to the other participating FHLBanks.

While John is looking forward to spending more time with his wonderful family, he intends to provide support to the next leader of MPF and will stay on through a transition period when that person is identified. We will continue to provide updates as we navigate this transition.  

Although we cannot replace John’s years of leadership and dedication, the Bank and MPF will continue to evolve so that we can successfully achieve our strategic objectives and deliver support for FHLB members and their communities. We are grateful to John for his decades of service to the Bank and wish him well in his retirement.