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Regional Member Meetings are fast approaching 

Our annual Regional Member Meetings are just around the corner and we can't wait to see you all there. This year, with the help of Darling Consulting Group, we will be focused on shifting the gears of your balance sheet through a changing political, economic and interest rate environment. To learn more about the meetings and to register for one near you please visit our RMM registration site. 

FDIC Affordable Mortgage Lending Guide 

If mortgage lending is an important element of your community bank's business strategy, be sure to take advantage of the Affordable Mortgage Lending Guide published by the Federal Deposit Insurance Corporation (FDIC). The three-part series includes a feature of the Federal Home Loan Banks community investment and mortgage products. From comparing products to identifying which ones are best suited for you and your community, the Affordable Housing Mortgage Lending Guide will help you meet your business and Community Reinvestment Act (CRA) needs. Learn more.

Changes to MOVR advance 

Beginning on April 1, 2017, the following changes went into effect for our Member Option Variable-rate Advance (MOVR):

  • An additional spread to incorporate the term structure will be applied to all new and existing MOVR advances at their scheduled reset points.
  • The maximum final maturity on new advances will be reduced from 30 years to seven years
  • The one month reset frequency will no longer be offered on new advances
  • A $10 billion volume cap per member will be implemented with the rate reflecting the premium above the cap.  This cap will also be in effect for other option-embedded products such as the Member Option LIBOR Advance (MOLA).

For questions regarding existing MOVR advances or if you are interested in learning more about how this product can meet your business needs, please contact your Relationship Manager.

Update - Corrections to our Community Support Statement communication

A communication was sent out on Friday, March 31st regarding 2017 Community Support Statements. The FHFA portal link included in the email is no longer correct. Please click here to submit your 2017 Community Support Statement, and click here to see the 2017 Community Support Program user guide. We apologize for any confusion, and appreciate your continued partnership with us. For any additional questions, please contact the Membership Team at 800-544-3452, ext. 5416 or via email at 

Expanded Eligibility Updates to our Municipal Bonds

We have recently expanded our municipal bond eligibility guidelines. Please connect with your Relationship Manager for additional information, and opt-in to our Collateral Quarterly newsletter for additional details forthcoming in our May issue. To access our LTV charts and requirements, click here

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