The Federal Home Loan Bank of Boston (FHLBank Boston) is hosting three sessions to assess its Affordable Housing Program (AHP) priorities and competitive scoring framework to ensure that the program remains a vital, flexible capital source to support a wide range of affordable housing initiatives across New England and the communities its members serve.Read More
Federal Home Loan Banks Tag Archives
It’s been a busy week for the Federal Housing Finance Agency (FHFA). During the American Credit Union Mortgage Association’s Annual Conference, Director Mark Calabria shared his concerns about volume-based pricing discounts on Guarantee Fees (G-Fees). FHFA issued a confidential administrative directive to Fannie Mae and Freddie Mac restricting competition on G-Fees
FHFA sent a letter to the 11 Federal Home Loan Banks (FHLBanks) instructing them that, as of December 31, 2019, they should stop purchasing investments in assets tied to London Interbank Offered Rate (LIBOR) with a contractual maturity beyond December 31, 2021.
FHFA announced modified Preferred Stock Purchase agreements with Fannie Mae and Freddie Mac that allow the GSEs to retain capitals of up to $25 billion and $20 billion, respectively. The move ends the capital sweep on earnings above $3 billion that was put into place in 2008 when the GSEs entered conservatorship.
Finally, FHFA announced an agreement with Simone Grimes who accused former director Melvin Watt of sexual harassment.Read More