FHLB Advances, Collateral Value Fall in 2019
Advances from the Federal Home Loan Banks during 2019 fell about 12% to $641.5 billion, the Federal Housing Finance Agency said today.
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FHLBs’ Affordable Housing Funds Hold Steady in 2019
The Federal Home Loan Banks awarded approximately $458 million in affordable housing program funds in 2019, approximately the same as the year prior, according to a report released today by the Federal Housing Finance Agency.
ABA Urges FHFA to Revisit FHLB Ban on Captive Insurers
As the Federal Housing Finance Agency weighs a rulemaking process on Federal Home Loan Bank membership eligibility, the American Bankers Association provided the banking industry’s perspective on potential changes and how they might affect the FHLB system.
FHFA Finalizes Changes to FHLB Housing Goals
The Federal Housing Finance Agency today finalized several changes to the housing goals for the Federal Home Loan Banks.
FHFA: FHLBs May Purchase PPP Loans as Collateral for Advances
With Congress poised to approve additional funding for the Small Business Administration’s Paycheck Protection Program as early as today, the Federal Housing Finance Agency confirmed today that Federal Home Loan Banks may accept PPP loans as collateral when making advances to their member banks.
FHLBs Issue Guidance for Mortgage Partnership Finance Program Participants
The Federal Home Loan Banks’ Mortgage Partnership Finance program today released a statement outlining temporary policies to enable servicers to assist borrowers affected by the coronavirus pandemic.
FHFA Seeks Views on FHLB Membership Requirements
As expected, the Federal Housing Finance Agency today issued a request for input on Federal Home Loan Bank membership.
FHFA Weighs More Forceful Action on ‘Continued Threat’ of PACE Loans
Building on previous warnings about risks associated with home retrofitting loans financed through tax assessments, the Federal Housing Finance Agency is requesting public input on additional steps to deal with the “continued threat” that these loans pose to homeowners and the housing finance system.
FHLB Advances Fall, Collateral Rises in 2018
Advances from the Federal Home Loan Banks during 2018 fell about 4% to $728.8 billion, the Federal Housing Finance Agency said today.
FHLBs’ Affordable Housing Funds Up 15% in 2018
The Federal Home Loan Banks awarded approximately $458 million in affordable housing program funds in 2018, a 15% increase from the year prior, according to a report released today by the Federal Housing Finance Agency.