As the nation goes to vote next week for key House and Senate positions, we take a look at how the outcome of your votes is likely to impact the housing market.
Read More »FHFA Narrows Definition of New Business Activities
The Federal Housing Finance Agency has published a final rule amending the regulations that address requirements for submission of new business activities by the Federal Home Loan Banks.
Read More »All Federal Home Loan Banks Record Positive Net Income
At this year's Federal Home Loan Banks (FHLBanks) directors' conference, speaker FHFA Director Melvin L. Watt, delivered a speech regarding the past year of positive developments that occurred in these 12 banks.
Read More »FHFA Expands Push for Diversity on Federal Boards
The FHFA now requires that Federal Home Loan Banks and their Office of Finance include demographic data related to their boards of directors in their annual minority and women inclusion reports to the agency. The banks also must now include descriptions of their outreach activities and strategies designed to promote diversity in nominating or soliciting nominees for positions on boards of directors.
Read More »Historic Federal Home Loan Bank Merger Includes 109 Lost Jobs
According to FHLB Des Moines, the merger will lead to an institution that will serve nearly 1,500 financial institutions in 13 states and three U.S. territories, making the combined bank be the largest in the FHLB system in terms of membership and geography.
Read More »CU Trade Group Voices Opposition to Proposed FHLB Requirements
In a comment letter addressed to the Federal Housing Finance Agency's (FHFA) general counsel, Alicia Nealon, director of regulatory affairs for the National Association of Federal Credit Unions (NAFCU), voiced the association's opposition to the proposal, which she says would "disenfranchise over 1 million credit union member-owners."
Read More »Senators Pen Letter to FHFA Chief Over FHLB Requirements
The letter, co-authored by Senators Joe Manchin (D-West Virginia) and Mark Kirk (R-Illinois), states that "(t)he proposed rule affects long-standing membership rules for the Federal Home Loan Bank system and will negatively affect new and current members in the system." Twenty-five other senators signed the letter.
Read More »FHFA Releases Strategic Plan for Years Ahead
The strategic plan outlines three goals for FHFA for the forthcoming fiscal years: ensure safe and sound regulated entities; ensure liquidity, stability, and access in housing finance; and manage the enterprises' ongoing conservatorship.
Read More »FHFA Extends Comment Period for Proposed FHLB Rule
The Federal Housing Finance Agency (FHFA) announced on Monday a 60-day extension for the comment period for proposed rule to revise membership requirements for Federal Home Loan Banks. FHFA gave as its reasons for extending the comment period the importance of the issues being addressed, the high interest level in the proposal, and requests from stakeholders for more time to evaluate the proposal.
Read More »FHFA Proposes Revisions to Federal Home Loan Bank Reqs
The Federal Housing Finance Agency proposed a rule to amend financial institutions' requirements for application and membership retention in one of the 12 Federal Home Loan Banks. The revision was proposed to ensure that members stay committed to housing finance and that only those eligible will have access to membership benefits and advances from one of the Federal Home Loan Banks.
Read More »