After suddenly stepping down as CEO of the Federal Home Loan Bank of San Francisco, the former Ginnie president showed up in Washington to tout the benefits of the home loan bank system.

Alanna McCargo this week stepped down as CEO of the San Francisco bank without public explanation, seven months into the role.

The new Republican chair of the Senate Banking Committee sharply criticized FHFA Director Sandra Thompson on her way out.

The FHFA director joins a number of financial regulators resigning from their posts before the second Trump administration begins.

The remaining items on the Biden administration’s regulatory agenda for FHFA are primarily proposals affecting the Federal Home Loan Banks.

Trade groups point out that it sometimes takes days for lenders to get their collateral back after paying off a Fed advance.

Retiring FHLBank New York CEO Jose Gonzalez is set to be replaced by current Office of Finance CEO Randy Snook.

A number of large banks have significantly scaled back their use of FHLBank advances, which is having an impact on the system’s income. In addition to rising voluntary investment in housing, the FHLBanks have boosted their single-family mortgage portfolios. (Includes three data tables.)

The FHLBank is extending the terms and reducing the haircut on collateral pledged by non-depository CDFIs and state-chartered HFAs (which technically aren’t even members).

A new advisory bulletin streamlines the application process for an affordable housing subsidy and makes the rules more compatible with those of other affordable housing funders.