Items Tagged with 'Federal Home Loan Banks'

ARTICLES

  • FHFA releases final rule for FHLB membership

    Effective 30 days from publication in the Federal Register
    The Federal Housing Finance Agency has officially released its final rule amending the regulation on Federal Home Loan Bank membership. Most notably, provisions that were of particular concern during the comment period were addressed in the new rule.
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  • Mortgage Partnership Finance, Ginnie Mae announce expanded loan program

    Group of Federal Home Loan Banks now offer servicing-released mortgage sales
    Together with Ginnie Mae, the Mortgage Partnership Finance Program, a group of Federal Home Loan Banks formed to sell fixed-rate mortgage loans into the secondary market, announced an expanded loan offering that will allow the program’s participants to execute a servicing-released mortgage sale to Ginnie Mae.
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  • Mortgage Partnership Finance issues first Ginnie Mae bond

    Group of Federal Home Loan Banks launches $5 million security
    The Mortgage Partnership Finance, a group of Federal Home Loan Banks, announced that it issued its first mortgage bond guaranteed by Ginnie Mae. The $5 million security is backed by mortgages originated by community lenders.
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  • FHFA approves Federal Home Loan Bank merger

    FHLB Des Moines, FHLB Seattle one step closer to merging
    The merger of the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle is now one step closer to becoming a reality, as the Federal Housing Finance Agency has approved the merger. Next up is a vote by each bank's members.
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  • FHFA extends FHLB membership proposed rule comment period

    Proposal receives high level of interest
    Due to the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule, the Federal Housing Finance Agency extended the comment period for its proposed rule on Federal Home Loan Bank membership by 60 days due.
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  • It's official: Home loan banks enter merger agreement

    Seattle and Des Moines to join forces
    “Given the fundamental changes that have occurred in the financial system since the creation of the Federal Home Loan Banks, FHFA views the merger agreement approved by the boards of the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Des Moines positively,” FHFA Director Mel Watt said.
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