FHFA: Final Rule Announced Expanding Access to Liquidity for the Federal Home Loan Bank System
The Agency is modifying the treatment of certain types of unsecured credit to better enable the FHLBanks to respond to their members’ liquidity needs. The Federal Housing Finance Agency (FHFA) published a final rule today designed to improve access to liquidity for the Federal Home Loan Bank (FHLBank) System by adjusting the treatment of certain…
FHFA: FY 2024 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2024. For the sixteenth consecutive year, FHFA received an unmodified audit opinion on its…
FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
FHFA: Agency Simplifies Process for Nonprofits and Other Project Applicants to Receive FHLB Funding for Affordable Housing
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome The Federal Housing Finance Agency (FHFA) today issued an Advisory Bulletin (AB) that simplifies the process for project sponsors to receive Federal Home Loan Bank…
FHFA: Rule Proposed to Improve Federal Home Loan Bank Governance
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking which addresses boards of directors and executive management of the Federal Home Loan Banks (FHLBanks) and the FHLBank System’s Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. “The Federal Home Loan Bank…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
FHFA: Rule Proposed to Expand Access to Liquidity for the Federal Home Loan Banks
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking on Federal Home Loan Bank (FHLBank) Unsecured Credit Limits. The proposed rule would improve the FHLBanks’ ability to provide liquidity to members by aligning the treatment of interest-bearing deposit accounts (IBDAs) and other authorized overnight investments with the treatment of Federal Funds sales….
FHFA: Input Requested on Application Process for Federal Home Loan Bank Affordable Housing Program
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on opportunities to improve the Federal Home Loan Banks’ (FHLBanks) processes for members and project sponsors to apply for Affordable Housing Program (AHP) funding. “FHFA’s efforts to streamline the AHP application process should improve the FHLBanks’ ability to provide much needed funding…
FHFA: 2023 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2023 Report to Congress. The statutorily-required report provides information about the Agency’s 2023 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. It also describes FHFA’s actions as conservator of Fannie Mae and Freddie…
FHFA: Input Requested on FHLBank System Mission
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on the mission of the Federal Home Loan Bank (FHLBank) System as the Agency considers next steps for related rulemakings. The RFI provides an opportunity for the public to provide feedback on a core recommendation of FHFA’s Federal Home Loan Bank System at…