There have been few more uncertain times recently than those facing the U.S. housing market. High mortgage rates, low housing inventory, and political and economic environments best described as rocky, if not outright perilous. However, with the September half-point cut in the Fed rate and a new Presidential administration ready to take the helm in January, the market is beginning to look brighter. But how bright is bright?
Let the experts from the Federal Home Loan Bank of Chicago share the insights they’ve already gained and introduce you to the Mortgage Partnership Finance® (MPF®) Program and its potential applications in light of what will likely be a stronger, more positive future for credit union mortgage lenders and the members they serve. MPF provides credit unions with competitive, easy-to-use mortgage products that promote home ownership in communities across America, and its multiple facets make it applicable to nearly all credit union lenders.
FHLBanks’ MPF program offers six tracks to help credit union mortgage lenders mitigate loans and manage risk under multiple scenarios. Conditions and criteria can vary widely from credit union to credit union and from borrower to borrower, but the MPF can handle most, if not all, the challenges from conventional and conforming loans to government loans. It all depends on credit unions’ portfolio criteria and institutional plans to manage the loans within those portfolios.
As the sun rises on the new year, with the possibility of even more Fed rate reductions and a new President settling into office, things may change substantially. Let FHLBanks give you a snapshot of the future and how best to face the pending challenges and maximize new opportunities in helping credit unions continue to serve their members in the most effectives ways possible..
Sponsored by Federal Home Loan Banks’ MPF® Program.
