Looking Back at MPF in 2020
Last Updated on February 18, 2021
2020 was quite the year for the mortgage industry, to say the least! We saw record-breaking volumes, a refinancing boom and, of course, a pandemic that affected each of our lives in and outside of work. Even with the uncertainty the pandemic brought, we were still able to accomplish great feats.
A Message from MPF Leadership
Through all of these huge changes, our Participating Financial Institutions (PFIs) have continued to provide exceptional service during extraordinary circumstances. I know that myself and the entire Mortgage team here at FHLB Des Moines are immensely proud to have been your partner through it all.
Even with the uncertainty the pandemic brought, we were still able to accomplish great feats in 2020.
- Members sold more than $8.5 billion through our mortgage program, doubling our total volume in 2019
- 343 individuals tuned into our virtual Mortgage Conference, a 17 percent increase over 2019
- We had 263 members who sold despite market shifts and volatility
As we look forward to 2021, we will continue to fulfill our promise to enhance member benefits and to help your institution identify where to find additional benefits within the Bank’s mortgage program. Thank you for your support and continued partnership.
Senior Vice President, Director of Mortgage Programs
Additional Highlights from 2020
We appreciate each and every one of our Participating Financial Institutions (PFIs), especially during our heavily changing market.
Top 5 States: Funding Volumes
We recognize the states below (Minnesota, Iowa, Missouri, South Dakota, Oregon) for having the highest percentage of funded volume of the 13 states and three Pacific Territories in our district.
Product Usage Across Charter Types
Take a look at the distribution of usage between our four products: MPF Xtra, MPF Traditional, MPF Direct and Government MBS.
A Virtual Mortgage Conference
As the world shifted to virtual events in 2020, we were proud to host a successful virtual Mortgage Conference to keep our PFI’s engaged and informed.
Coming Soon to a Computer Near You…
We are working on something exciting that will be launching in a few weeks… keep your eyes peeled for more information!