Federal Home Loan Banks
Browse articles from all of our Newsletters related to Federal Home Loan Banks.
March 7, 2014 - Inside The GSEs
The advance business for the 12 Federal Home Loan Banks increased throughout 2013 ending the year ahead both on a quarterly and an annual basis, according to preliminary figures released by the Federal Home Loan Bank Office of Finance. Advances increased 7.2 percent to $498.6 billion during the fourth quarter of 2013 while posting an even larger 17.1 percent increase from $425.8 billion a year earlier. The Office of Finance attributed the increase in advances due to higher member borrowing, particularly by large-asset members.
March 7, 2014 - Inside The GSEs
Fannie Mae, Freddie Mac and the Federal Home Loan Banks will now be required to report directly any suspected fraud to the Financial Crimes Enforcement Network under the terms of a final rule. Published in the Feb. 25 Federal Register, the final rule adopts without significant change FinCENs November 2011 proposal to require the GSEs to file suspicious activity reports directly with FinCEN rather than through their own regulator, the Federal Housing Finance Agency.
February 21, 2014 - Inside Mortgage Trends
Officials at Two Harbors Investment are touting the real estate investment trusts recent admission into the Federal Home Loan Bank system as a way to diversify funding options for originations of jumbo mortgages, although FHLBank financing may not play a major role in the REITs funding in the current environment. In December, TH Insurance Holdings, a wholly owned subsidiary of Two Harbors, was granted membership in the FHLBank of Des Moines. Two Harbors said it appears to be the first REIT to receive ...
February 14, 2014 - Inside Nonconforming Markets
One of the biggest challenges for nonbanks that want to originate jumbos is finding capital to fund the operations. Two Harbors Investment appears to have found a unique source of capital for non-agency originations: a government-sponsored enterprise. In December, TH Insurance Holdings, a wholly owned subsidiary of Two Harbors, was granted membership in the Federal Home Loan Bank of Des Moines. Officials at Two Harbors said the company appears to be the first real estate investment trust to receive ...
February 7, 2014 - Inside The GSEs
The Federal Housing Finance Agency last week issued regulations that clamp down on golden parachute severance payments to departing GSE executives. Published in the Jan. 28 Federal Register, the FHFAs final rule applies to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the Office of Finance, as well as any entity-affiliated parties, including independent contractors such as attorneys, accountants and appraisers.
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