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Can a member sell its mortgages to EBP-assisted buyers to the Bank through the Mortgage Partnership Finance® (MPF®) program?

April 26, 2017Bank Buyers mortgage mortgages partnership sell

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Can a member sell its mortgages to EBP-assisted buyers to the Bank through the Mortgage Partnership Finance® (MPF®) program?

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Yes. Mortgage loans originated with EBP grants may be sold by the member through the Bank’s MPF program, provided that the mortgages and home owners continue to meet the retention requirements of the EBP. Members must be approved as participating financial institutions (PFIs). Contact the Bank’s MPF staff for more information.