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Volume 17 - Number 24

December 1, 2017

Downloads Available: Top Bank/Thrift Borrowers


Federal Home Loan Bank Advances Continue to Climb in Third Quarter

Banks and thrifts reported holding $575.4 billion of Federal Home Loan Bank advances at the end of September, a quarterly increase of 1.7 percent and the largest volume of advances in the past 12 months, according to an analysis by Inside The GSEs. That number is also well above the number of advances that were made in the third quarter of 2016. Year-over-year, third quarter advances were 6.2 percent higher than the $541.8 billion reported a year earlier. While JPMorgan Chase remains in the number one spot with $63.8 billion in advances, that was down 6.9 percent from $68.5 in the second quarter, and 19.8 percent below the level a year ago.

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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?

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%