FHLBank Indianapolis Mortgage Purchase Program surpasses $50 billion in residential loan purchases

last updated on Tuesday, June 16, 2026 in Federal Home Loan Bank Indianapolis

In a testament to its longtime mission of providing reliable liquidity and supporting housing across Indiana and Michigan, FHLBank Indianapolis recently surpassed $50 billion in residential loan purchases through its Mortgage Purchase Program (MPP).

Launched in 2001 as a secondary market option, MPP has helped member financial institutions throughout Indiana and Michigan obtain competitive mortgage pricing and manage their balance sheets. Over the past 25 years, the Bank has secured its place as a valued secondary market alternative for the Bank's members, many of whom tend to be smaller community-based lenders.

"We are extremely proud of the value our MPP has provided our members over the years, and the fact that our members helped us cross this threshold during National Affordable Housing Month in May makes it all the more special," said John D. Bingham (right), SVP, MPP and Corporate Communications. "This achievement is proof of our continued commitment to our mission in elevating and expanding housing opportunities for communities across our district of Indiana and Michigan."

He added: "While hitting the $50 billion benchmark is impressive, the hidden story is the positive effect in our district. The more business our members do with us, the more money we can give back to their communities. In addition to the statutory AHP assessment of 10% of our net earnings, we have committed to allocating 7.5% of last year's net earnings for affordable housing support and community development initiatives, making us one of the largest private supporters in those spaces in Indiana and Michigan."

Click here to read the Bank's full news release. You also can learn more about the Bank's MPP here.

Story by Scott Thien, Senior Corporate Communications Associate. Questions can be directed to Corporate Communications at [email protected].