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FHLBank Topeka Maintains Commitment to the MPF® Program April 24, 2008 - Yesterday afternoon the FHLBank Chicago announced that it will no longer enter into new master commitments or renew existing master commitments to purchase mortgage loans from their Participating Financial Institutions under the Mortgage Partnership Finance® Program. FHLBank Chicago will continue maintaining operational support for the MPF® Program. Please refer to the Form 8-K filed yesterday by FHLBank Chicago for details.Today, Andy Jetter, FHLBank Topeka’s president and CEO, reassured stockholders at FHLBank’s Annual Management Conference that the Topeka Bank’s commitment to the MPF Program is unaffected by FHLBank Chicago’s announcement. “Having a competitive secondary market alternative in today’s mortgage environment is vital to our members, and we will continue to market the MPF Program,” Jetter said. “The MPF Program offers competitive pricing and superior execution, and is increasingly the secondary investor of choice for many of our members,” said Sonia Betsworth, FHLBank Topeka’s director of Member Products. “Our members will continue to receive the same exceptional customer service and Program support as they have in the past.” If you have questions or concerns regarding the MPF Program, please contact Kathy Schmidtberger, AMP, FHLBank Topeka’s director of MPF, at 866.571.8171. Mortgage Partnership Finance and MPF are registered trademarks of the Federal Home Loan Bank of Chicago. |