Under Director Pulte, FHFA has withdrawn proposed rules affecting enterprise liquidity requirements and the unsecured credit limits and boards of directors of the FHLBank System.

Trade groups representing credit unions pushed back against suggestions that the institutions are creating risks, and called for status quo on certain GSE policies post-conservatorship.

Michael Hutchins agrees to extend term at Freddie; new general counsel at Freddie; senator seeks answers on FHLBank reform efforts; former FHFA chief operating officer loses appeal.

FHFA’s spring regulatory agenda includes plans to scrap nine existing and proposed rules.

Profitability declined at all but two of the FHLBanks in the second quarter. In some cases, that was due to lower net interest income and in others to a surge in voluntary contributions to housing and community investments. (Includes three data tables.)

A rare wave of bipartisanship swept through Congress last week, propelling a key piece of housing legislation through the Senate Banking Committee. And there are separate proposals in the House.

More access to Freddie’s CPA; taking Republic Mortgage Insurance off the books; new CEO for FHLB-OF; Calabria gets a new gig.

Roughly 75 of the 675 significant recommendations that the OIG has made to FHFA remain open. The oldest dates from early 2021.

The FHLBanks’ decision to voluntarily increase contributions to affordable housing and community development from 10% of net income to 15% has taken a toll on profits. (Includes three data tables.)

Apollo Global Management, owner of Athene Annuity and Life, joins MetLife as one of the top-10 FHLBank borrowers.