Pedestal, the online mortgage trading network, plans to start funneling loans to the Federal Home Loan Banks' Mortgage Partnership Finance program this month.

The Washington network would create a three-way connection between the Home Loan Banks' alternative secondary marketing program, a group of three or four participating banks, and their correspondent originators.

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.