Notes from the Mortgage Desk: Market Conditions Are in Your Favor
September 9, 2020
Market Conditions Are in Your Favor
Thank you for your continued loyalty to the Mortgage Partnership Finance® (MPF®) Program! In 2020, we are seeing record volumes as Participating Financial Institutions (PFIs) have increased funding volume from MPF Traditional to MPF Xtra® but stayed within the MPF Program. Overall, we have seen a slight shift where MPF Xtra is now slightly more predominant than Traditional. Thank you for your loyalty in what has been an unpredictable year.
One of the many benefits of selling loans into the MPF Program is having options to sell conventional, conforming loans allowing PFIs to maximize their best execution. With market conditions in your favor, we are taking this opportunity to highlight other benefits within the MPF Program.
Lower! Lower! Lower! Lower Note Rates Available for MPF Government and MPF Government MBS
We’ve lowered our pricing grids throughout the month of August for our FHA, RHS, and VA loans in both MPF Government mortgage-backed securities (MBS) and MPF Traditional Government. Login to eMPF to see premium pricing at note rates as low as 2.25%, as of September 4, 2020.
Extended Income for MPF Traditional
Given the current market conditions, where good quality mortgage loans may extend and not prepay as fast, you can earn additional credit enhancement (CE) fee income over time.
Questions?
If you’re interested in taking advantage of the current market conditions or have any questions, please don’t hesitate to contact your Sales Director.
Market Conditions Are in Your Favor
Thank you for your continued loyalty to the Mortgage Partnership Finance® (MPF®) Program! In 2020, we are seeing record volumes as Participating Financial Institutions (PFIs) have increased funding volume from MPF Traditional to MPF Xtra® but stayed within the MPF Program. Overall, we have seen a slight shift where MPF Xtra is now slightly more predominant than Traditional. Thank you for your loyalty in what has been an unpredictable year.
One of the many benefits of selling loans into the MPF Program is having options to sell conventional, conforming loans allowing PFIs to maximize their best execution. With market conditions in your favor, we are taking this opportunity to highlight other benefits within the MPF Program.
Lower! Lower! Lower! Lower Note Rates Available for MPF Government and MPF Government MBS
We’ve lowered our pricing grids throughout the month of August for our FHA, RHS, and VA loans in both MPF Government mortgage-backed securities (MBS) and MPF Traditional Government. Login to eMPF to see premium pricing at note rates as low as 2.25%, as of September 4, 2020.
These changes were designed to help you remain competitive with your borrowers in need:
- Low-income borrowers in rural areas (RHS)
- First-time homebuyers (FHA)
- Armed-services veteran customers (VA)
Extended Income for MPF Traditional
Given the current market conditions, where good quality mortgage loans may extend and not prepay as fast, you can earn additional credit enhancement (CE) fee income over time.
Questions?
If you’re interested in taking advantage of the current market conditions or have any questions, please don’t hesitate to contact your Sales Director.