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Volume 17 - Number 22

November 3, 2017

Downloads Available: FHLBank Combined Operating Highlights


FHLBank Earnings and Advances Up in Third Quarter

The Federal Home Loan Bank System saw a 4.5 percent year-over-year increase in advances during the third quarter of 2017. The FHLBank’s Office of Finance reported that advances stood at $719.4 billion, up from the $688.6 billion a year ago and the $706.8 billion reported at the end of August. The combined net income for the third quarter was $854 million, up from $844 million the previous quarter but down 1 percent when compared to the same period in 2016. The OF attributes that to lower gains on litigation settlements offset by an increase in net interest income.

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

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Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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