Steve Thomas Joins the Federal Home Loan Bank of Chicago

CHICAGO, Sept. 8, 2014 /PRNewswire/ -- The Federal Home Loan Bank of Chicago is pleased to welcome Steve Thomas as Senior Managing Director, Mortgage Capital Markets. Mr. Thomas will report to Michael Ericson, Executive Vice President, Members and Markets. Having previously served as Vice President of Mortgage Finance at the Federal Home Loan Bank of Chicago, Mr. Thomas brings extensive knowledge of the Mortgage Partnership Finance^® (MPF^®) Program as well as valuable industry expertise. He has 20 years of experience in investment banking, pricing, and portfolio management roles such as Director of New Product Pricing at Fannie Mae; Senior Vice President of Pricing and Product Development at Aegis Mortgage; Senior Vice President–Capital Markets and co-founder of American Mortgage Capital Group, a hedge fund; and most recently as Managing Director of the Mortgage Finance Department at CastleOak Securities, where his team led numerous mortgage finance and capital markets advisory contracts for various housing GSEs, federal agencies, hedge funds and banks.

"Steve is one of the industry's foremost experts in mortgage finance, and we're excited to have him back on board," said Mr. Ericson. "As we expand our product offerings in the MPF Program, his experience will help ensure the reliability, competitive pricing, and capital markets expertise our members have come to expect."   

The MPF Program allows participating members of the Federal Home Loan Bank System to sell fixed-rate loans into the secondary mortgage market. It provides these community lenders, particularly smaller institutions that currently lack direct access to the secondary mortgage market, options when creating mortgage products for their home-buying customers.

About the Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is a $68 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. Our mission is to partner with our member shareholders to provide them competitively priced funding, a reasonable return on their investment, and support for community investment activities. To learn more, visit www.fhlbc.com. To learn more about the MPF Program, visit www.fhlbmpf.com.

The U.S. Congress created the FHLBank System in 1932. The System comprises 12 FHLBanks across the country. Each FHLBank is cooperatively owned by member financial institutions and managed by its own Board of Directors.

"Mortgage Partnership Finance" and "MPF" are registered trademarks of the Federal Home Loan Bank of Chicago.      

SOURCE Federal Home Loan Bank of Chicago