Federal Home Loan Banks

Browse articles from all of our Newsletters related to Federal Home Loan Banks.

October 14, 2016 - Inside The GSEs

GSE Roundup

Freddie names NPL winners while Fannie announces another NPL sale. With all Message Manager reports now available on Fannie Mae Connect, the old system is about to sunset. The FHLBanks report on their 2015 low-income housing activity. FHFA tapped into social media for a last-ditch effort to make sure struggling homeowners knew about its principal modification program before deadline passed. Fannie's economists score a repeat award victory. And New York clergy speak out against GSE reform.

October 14, 2016 - Inside The GSEs

OIG Finds FHLBank Examiners Not Following Up on Found Deficiencies

The supervision of examiners in the Division of Federal Home Loan Bank Regulation has been lax when it comes to making sure deficiencies within the FHLBanks are corrected, according to a recent Federal Housing Finance Agency Office of the Inspector General report. The IG reviewed a sample of nine matters requiring attention (MRA) that the division issued from January 2014 through December 2015. When it comes to correcting serious supervisory matters, the IG said that the bank regulator has been inconsistent in following FHFA requirements. For two of the MRAs, examiners determined that the affected FHLBank made no progress in remediating the deficiencies and reissued MRAs with the same exact terms.

October 14, 2016 - Inside The GSEs

FHFA Issues Guidelines for Fannie, Freddie, FHLBank Internal Audits

The Federal Housing Finance Agency issued guidance for the GSEs and Federal Home Loan Banks to establish independent internal audit (IA) functions. This is so they can relay timely information and make the appropriate corrections when it comes to elevated risks. The agency requires the boards of Fannie Mae, Freddie Mac and the FHLBanks to have an audit committee and a chief audit executive (CAE) solely responsible for the IA function. The FHFA said that the CAE must establish internal audits that are independent and objective so that they effectively identify and assess risks. Internal audits should cover the entire audit universe over a maximum four-year period.

October 14, 2016 - Inside The GSEs

Federal Home Loan Bank MBS Investments Remain Strong

Fannie Mae and Freddie Mac securities remained the preferred investment choice of the 11 Federal Home Loan Banks during the first half of 2016, according to a new ranking by Inside The GSEs based on data from the Federal Housing Finance Agency. GSE MBS accounted for $110.6 million of the total $138.4 million in business. There was a 2.0 percent quarterly increase from the first to the second quarter. GSE MBS accounted for 79.9 percent of combined MBS portfolios. The FHFA data does not separately break out Fannie and Freddie volume or share.

September 23, 2016 - Inside MBS & ABS

Other Investors Stepped Up as Federal Reserve Holdings Of Agency MBS Declined Slightly in Second Quarter

Foreign investors, commercial banks and mutual funds all beefed up their holdings of agency MBS during the second quarter of 2016, according to a new Inside MBS & ABS analysis. The Federal Reserve remained the biggest investor in the agency MBS market with $1.744 trillion on its books at the end of June. That accounted for 29.7 percent of the $5.867 trillion of single-family agency MBS outstanding at that time, but it was down 0.5 percent from the end of March. The central bank’s MBS holdings vary slightly in the Fed’s weekly snapshots as pending transactions wait to clear, but its game plan is to hold its portfolio steady by reinvesting principal payments. The single-family agency MBS market grew...[Includes two data tables]


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.


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