The Federal Home Loan Bank of Seattle is pleased to announce that it has a new mortgage-servicing partner—Washington Mutual—and trading with the Seattle Bank is now easier than before.

Now, Seattle Bank members can sell their conventional mortgage loans to the Seattle Bank and the servicing of those loans to Washington Mutual—and receive a servicing released premium (SRP) for doing so!

The Seattle Bank now has servicing agreements with both Washington Mutual and Citigroup (formerly Principal Residential Mortgage, Inc.). Both are nationally recognized firms with specialists in every functional area of mortgage servicing. In fact, Washington Mutual’s servicing portfolio is one of the largest in the nation.

In addition to working with one of our servicing providers, Seattle Bank members may also designate a service provider of their choice, pending review and acceptance by the Seattle Bank. The Seattle Bank may not be able to provide the members with the same level of support for servicing transfers to member designated servicing providers.

The Seattle Bank's Mortgage Purchase Program (MPP) offers the competitive edge you need to win—and keep on winning—in the secondary mortgage market. With MPP, you receive:

	Competitive pricing. Our pricing is consistent—regardless of your loan volume.
	Servicing retained or servicing released sales options—and we offer financial premiums on your servicing released sales.
	A unique Lender Rebate Account (LRA) that delivers a financial premium based on the performance of your loans
	The convenience of online trading.
	Added earnings potential. As MPP grows the value of the Seattle Bank, it grows the dividend you earn on your stock in our cooperative.

Contact your Seattle Bank MPP relationship managers Charlie Eiseman, Ellie Melton or Mary Morehead, or your account manager, to discuss the benefits of the MPP Servicing Released for your organization.

IMPORTANT DISCLAIMER, PLEASE READ: The Federal Home Loan Bank of Seattle ("Seattle Bank") publishes What Counts for educational and promotional purposes only. The data and analysis presented are based upon information obtained from sources that we consider reliable. The opinions expressed represent the current opinions of our staff and are subject to change without notice. We make no warranties, express or implied, regarding the accuracy or completeness of any information, analysis, or opinions presented. No part of this newsletter may be reproduced in any manner without the written permission of the Seattle Bank. The Seattle Bank, its employees, agents, and contractors are not registered investment advisors, financial advisors, or broker dealers, and they are not acting in a fiduciary capacity. The information contained in this newsletter does not constitute a recommendation, offer to sell, or solicitation of an offer to purchase any particular investments or products, including without limitation securities of any companies discussed, and it should not be construed as such. It is the reader’s responsibility to evaluate the suitability, risks, and merits of any investment, funding strategy, or business proposal presented in this newsletter. Newsletter content is for our readers' informational purposes only. Please refer to our Terms of Use for details.