In a comment letter to the Federal Housing Finance Agency on Friday, the American Bankers Association called on FHFA to reconsider its approach to modifying the Federal Home Loan Bank Affordable Housing Program.

The Federal Housing Finance Agency today issued a proposed rule intended to provide the Federal Home Loan Banks greater flexibility in how they manage their affordable housing programs.

Advances from Federal Home Loan Banks during 2016 increased from the year before by 11 percent to $705 billion, the Federal Housing Finance Agency said today.

Testifying before the House Financial Services Committee today, ABA banker Brenda Hughes outlined ABA’s principles for GSE reform, highlighting the necessity of legislative action to ensure that lenders of all sizes across the country can continue meeting the needs of mortgage borrowers.

The Federal Home Loan Banks awarded approximately $368.9 million in affordable housing program funds in 2016, a 15 percent increase from the year prior, according to a report released today by the Federal Housing Finance Agency.

The FDIC today released the third installment of its guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans.

The Federal Housing Finance Agency today finalized a rule amending the acquired member assets regulation for the federal home loan banks.

In a comment letter to the Federal Housing Finance Agency yesterday, the American Bankers Association encouraged FHFA to add greater flexibility for federal home loan banks under a proposed rule amending the acquired member assets regulation.

The Federal Housing Finance Agency today issued its final rule changing eligibility for membership in the Federal Home Loan Bank system.

Following advocacy by ABA, four House members on Friday introduced bipartisan legislation to stop the Federal Housing Finance Agency from moving ahead with its proposed limitations on Federal Home Loan Bank membership.