Profitability declined at all but two of the FHLBanks in the second quarter. In some cases, that was due to lower net interest income and in others to a surge in voluntary contributions to housing and community investments. (Includes three data tables.)

A rare wave of bipartisanship swept through Congress last week, propelling a key piece of housing legislation through the Senate Banking Committee. And there are separate proposals in the House.

More access to Freddie’s CPA; taking Republic Mortgage Insurance off the books; new CEO for FHLB-OF; Calabria gets a new gig.

Roughly 75 of the 675 significant recommendations that the OIG has made to FHFA remain open. The oldest dates from early 2021.

The FHLBanks’ decision to voluntarily increase contributions to affordable housing and community development from 10% of net income to 15% has taken a toll on profits. (Includes three data tables.)

Apollo Global Management, owner of Athene Annuity and Life, joins MetLife as one of the top-10 FHLBank borrowers.

Overall FHLBank borrowing was down 4.8% from the third quarter, but most of that decline was concentrated among the largest members. Year over year, though, outstanding advances fell 16.8%. (Includes two data tables.)

Although little is known about Pulte’s policy positions, his housing and philanthropic background have helped him win the support of most industry trade groups and many consumer advocacy organizations.

After suddenly stepping down as CEO of the Federal Home Loan Bank of San Francisco, the former Ginnie president showed up in Washington to tout the benefits of the home loan bank system.

Alanna McCargo this week stepped down as CEO of the San Francisco bank without public explanation, seven months into the role.