Non-members of the Federal Home Loan Banks are able to service mortgages under the Acquired Member Asset program, according to a recent regulatory interpretation issued by the Federal Housing Finance Agency. FHLBanks have been challenged with finding eligible members to take over the servicing of AMA loans from private financial institutions that want to transfer the servicing rights for various reasons. Some members want to do so because they can no longer service the loan, and others are unwilling to continue servicing the loan, said the FHFA. As a result, a number of banks have been considering or have already allowed the sale of servicing rights to institutions that are neither members of any bank, or affiliates of bank system members.