REITs Continue to Join FHLBs. American Capital is the latest captive insurer mortgage real estate investment trust to join a FHLB. It announced in April that it joined the FHLB of Des Moines. A spokesman for the FHFA said that there has been no movement as of yet on the proposed ban to prevent REITS from gaining membership. Freddie Mac Announced Standard Pool Offering. Last week Freddie announced an upcoming auction of a $233 million standard pool offering of delinquent loans. The loans are offered as a single pool of geographically diverse deeply delinquent non-performing loans that are currently being serviced by Ocwen. Bids....