Production of adjustable-rate mortgages increased by 25% from the first to the second quarter. However, the overall share of ARMs declined. (Includes data chart.)

The shifting market for FHLB advances has reshuffled the list of the largest FHLBank borrowers. (Includes three data charts.)

The nonbank share of GSE servicing peaked early in 2022. Later in the year, large banks regained some share. (Includes two data charts.)

Systemwide, FHLBank advances grew 36.5% in the third quarter, helping drive a 51.1% sequential increase in profits. (Includes three data charts.)

By adding deferred payments to the end of the mortgage, the bank may be double-charging borrowers for the principal payments.

As funding sources dried up late in the first quarter, members sharply increased their FHLB advances. But when financial markets stabilized in the second quarter, these short-term loans weren’t replaced. (Includes two data charts.)

The decline in advances was concentrated among top-tier borrowers, due to their disproportionate share of FHLB borrowing. (Includes data chart.)