The Chicago Federal Home Loan Bank and Redwood Trust Inc. have teamed up to create a conduit for jumbo mortgages.

The conduit, called MPF Direct, will be open to FHLB members that participate in the Mortgage Partnership Finance program, which is managed by the Chicago FHLB. Ten of the 12 regional FHLBs participate in the MPF program.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.