FHFA Final Rule on Federal Home Loan Bank Membership Impacts Mortgage REITs . On January 12, 2016, the Federal Housing Finance Agency ("FHFA") released a final rule that amends regulations governing Federal Home Loan Bank ("FHLBank") membership. The final rule, which largely

The Federal housing finance agency today issued its final Federal Home Loan Bank (FHLBank) membership rule.. In a positive development for the housing finance system, the final rule eliminates the proposal to require an ongoing mortgage asset test that would have forced FHLBank members to hold at least 1% of their assets in home mortgage loans as a condition of remaining eligible for membership.

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FHFA has issued a final rule on FHLB membership. Essentially, in the final rule mREITs will not be eligible for membership – removing a stable funding source. Here is a list of mREIT exposures to.

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The Federal Housing Finance Agency (FHFA) has published a final rule amending its regulation for the Federal Home Loan Banks’ (FHLBs) Affordable Housing Program (AHP). FHFA said the final rule.

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The final rule eliminates a previously proposed requirement that FHLB members must continually prove they are meeting minimum investment levels in the mortgage market.. In its comment letter filed in January 2015, CUNA called the minimum levels unnecessary, as the FHFA’s own data shows that approximately 98% of members already comply with those requirements.

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On November 20, the Federal Housing Finance Agency (FHFA) released a final rule amending the Federal Home Loan Banks’ (FHLB) Affordable Housing Program (AHP). The rule gives the FHLBs more flexibility in administering and targeting their AHP programs to meet specific housing needs.

In a press release announcing the bill, Sen. Tammy Duckworth, D-Ill., said the FHFA rule has had a "particularly devastating impact on the Chicago FHLB’s membership because its long-standing captive insurers provide the bank with nearly one-third of its total borrowings."

The paperwork for the approval of the merger of the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle is now official, the Federal Housing Finance Agency announced on.

News Release FHFA Issues Final Rule on Federal Home Loan Bank Membership FOR IMMEDIATE RELEASE 1/12/2016 Washington, D.C. – After considering input received in more than 1,300 comment letters in response to a proposed rule issued in 2014, the Federal Housing Finance Agency (FHFA) today released a final rule amending its regulation on Federal.