Advanced Search

Volume 2014 - Number 19

September 12, 2014

FHFA Proposes Booting REITs From FHLBanks

The few real estate investment trusts that currently have access to advances from the Federal Home Loan Banks would lose their ability to tap the attractive funding source under a proposal last week from the Federal Housing Finance Agency. The FHFA said the proposed rule is necessary because REITs with captive insurance companies pose risks to the FHLBank system. “FHFA is taking these actions to address supervisory concerns about certain institutions that are ineligible for FHLBank membership, but that are using captive insurers as vehicles through which they can obtain FHLBank advances to fund their business operations,” the federal regulator said.

Subscribers to Inside Nonconforming Markets have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


This biweekly is the leading source of news and data on non-agency residential mortgages.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


Housing Pulse