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Mortgage Partnership Finance

"One of our objectives is to build long-term relationships with our customers, and MPF Xtra is a great opportunity for that.”

- Anita Owens, vice president/mortgage lending, FNBC


Established in 1997, the Mortgage Partnership Finance® (MPF®) program provides FHLB Dallas members with a competitive, alternative to access the secondary mortgage market. FHLB Dallas members that become Participating Financial Institutions (PFIs) gain opportunities to sell certain fixed-rate, conforming mortgage loans into the secondary market. PFIs that participate in the MPF program also have an option to retain servicing on their loans, and subsequently maintain control of their customer relationships, or they can sell servicing.

Member Benefits of MPF

  • Offers fixed-rate residential mortgage loans to borrowers
  • Gain access to the secondary market
  • Mandatory and best efforts pricing options available
  • Option to retain servicing or sell servicing for a premium
  • Transfer interest rate and prepayment risks typically associated with holding long-term, single-family mortgage loans to the investor
  • Single loan or bulk delivery
  • Next-day funding​


FHLB Dallas offers four products from the MPF Program:

Credit Enhancement (CE) Products:

Non-credit Enhancement Product:

Frequently Used Forms

Member Sales Contact​

If you are interested in an MPF product, please contact our Mortgage Partnership Finance Manager or your Sales Manager at

Mortgage Partnership Finance Senior Sales Manager
Lee Cammerer

Mortgage Partnership Finance Sales Support Manager
Shyla Newton

Director of Member Sales 
Steve Otto

Member Sales Managers

  • Chris Hopkins
  • Kevin Kogucz
  • Scott Sparks
  • Jeff Sabin
  • Jeff Martin
  • Vanessa Soto

Features of the MPF Program

  • Term: Up to 30 years, fixed-rate, fully amortizing
  • Maximum LTV: 95 percent for CE products and 97 percent for non-CE product
  • FICO Score: Varies; minimum 620
  • Loan Limits: Agency conforming, conventional only
  • Occupancy: Owner-occupied (1-4 units) and second home
  • Commitment Delivery: 3, 10, 20, 30, and 45 business days
  • Pricing: Premium and discount pricing available
  • Remittance: Actual/Actual
  • Servicing: 25 bps
  • Master Commitment Size: $5 million minimum, best efforts
  • Delivery Commitments: Mandatory and best efforts
  • Servicing: Retained or released options

Please contact for all MPF application forms and information.

Helpful Resources


Contact Member Services at 844.FHL.BANK(844.345.2265) or