Through the MPF Xtra product, you can leverage your FHLB Des Moines membership to sell fixed-rate, conforming loans on a pass-thru basis to Fannie Mae.
- Offer fixed-rate residential mortgage loans to your borrowers;
- Transfer the interest-rate and prepayment risks as well as the credit risk of the associated loans to an investor; and
- No risk-based capital required.
- Access to Desktop Underwriter®;
- 2 day delivery to funding;
- No credit overlays;
- High-balance pricing available; and
- No risk-based capital impact.