Federal Home Loan Banks

Browse articles from all of our Newsletters related to Federal Home Loan Banks.

June 22, 2018 - Inside The GSEs

Federal Home Loan Bank Advances To Banks Up Again in 1Q18

Banks and thrifts reported holding $554.0 billion of Federal Home Loan Bank advances at the end of March, a quarterly decrease of 4.9 percent and the lowest volume of advances since the first quarter of 2017 when they stood at $522.5 billion, according to an Inside The GSEs analysis. On a year-over-year basis, that represents a 6.0 percent increase in advances overall. While JPMorgan Chase remains in the number one spot with $56.9 billion in advances, that number continues to represent a downward spiral from the previous four quarters. In the first quarter, Chase had $60.6 billion in advances.

June 22, 2018 - Inside The GSEs

Industry Concerned With FHLBank Affordable Housing Proposal

A proposed rule that was touted to give Federal Home Loan Banks more flexibility in allocating their affordable housing funds is catching heat from many industry stakeholders. In fact, many deemed the proposed rule, issued on March 14, too complex to digest during the initial 60-day comment period and asked for an extension. One of the groups, the National Association of Home Builders, said, “The complexity and magnitude of the revision make the 60-day comment period an extremely difficult timeframe in which to assess and respond to the proposal.”The comment period was extended by 30 days and closed last week. There were 404 comments in all and more than 100 came in on June 12, the last day to offer input.

June 15, 2018 - Inside FHA/VA Lending

HECM Originations Rise in 1Q18, Draw Cut Slows HMBS Issuance

Reverse mortgage lenders started out strong in the first three month of 2018 with a 19.2 percent increase in Home Equity Conversion Mortgage production from the previous period. HECM endorsements totaled $5.4 billion in the first quarter, with purchase reverse loans accounting for the bulk of originations, 81.9 percent. First quarter production was up 18.5 percent from the same period last year. Meanwhile, HECM mortgage-backed securities issuance totaled $2.97 billion for the quarter, down from $3.25 billion in the prior quarter, Ginnie Mae data showed. The top five HECM originators in sequential order – American Advisors Group, Reverse Mortgage Funding, One Reverse Mortgage, Liberty Home Equity Solutions, and Synergy One Lending – accounted for $1.66 billion, or 30.8 percent, of total production during the first quarter. American Advisors maintained its top ranking with $841.4 million of HECM loans, which ... [Charts]

June 8, 2018 - Inside The GSEs

FHLBank of Seattle Loses Appeal on MBS Case Against RBS

The Federal Home Loan Bank of Seattle lost another round recently when the U.S. Court of Appeals in Washington ruled to dismiss its mortgage-backed securities claim against RBS Securities, even in light of newly discovered information in the case. In the suit, the FHLBank of Seattle alleged that it relied on RBS’ prospectus supplement to purchase $200 million in MBS back in 2006. The plaintiff said that the information provided about the MBS was not sufficient, and in fact, it included “untrue or misleading” statements. This was in relation to the loan-to-value ratio of the loans as well as the origination and underwriting...


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results