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FHLBanks MPF Volume Jumps to $72.1 Billion in '03.(Brief Article)

Mortgage Servicing News

| March 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Federal Home Loan Banks Mortgage Partnership Finance program funded $72.1 billion of loans last year, up 158% from the year before.

The FHLBank of Chicago, which coordinates the MPF program, also said that 707 FHLB member financial institutions are approved to fund MPF loans, a gain of 62% from the end of 2002.

Total MPF assets grew 108% last year to $86.7 billion. The Chicago FHLBank said the growth was primarily driven by conventional loans, reporting that the balance of conventional loans ...

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