FHFA extends FHLB membership proposed rule comment period

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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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This made life difficult for the administration, and so Crowley — rather than the officials responsible for putting Crowley and every other administration member into the position. In April, the.

The Mortgage Bankers Association (MBA) has asked the Federal Housing Finance Agency (FHFA) to extend the comment period for a controversial proposal that aims to change the membership criteria for the Federal Home Loan Bank (FHLB) system, which could result in real estate investment trusts (REITs) being barred from membership.

The Federal Housing Finance Agency (FHFA) has agreed to extend its comment period to Jan. 12, 2015 on a proposal that would change the eligibility requirements for institutions, including credit unions, to join and maintain membership in Federal Home Loan Bank (FHLBs).

The comment period will now close on January 12, 2015. FHFA is extending the comment period in light of the importance of the issues addressed in the proposed rule, the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule.

However, under the current capital rules, the transitional treatment for those items is scheduled to be replaced with a different treatment on January 1, 2018.” The proposed rule would extend..

The Federal Housing Finance Agency, which oversees the two mortgage giants in conservatorship, issued proposed "guidance" Aug. 12 that would prohibit Fannie and Freddie plus the federal home loan.

It also points out that those things were discussed in January by him at the S.E.C. public meeting when the rules were proposed. The column has links. it is clear in retrospect that the Office of.

FHFA FHLB. On October 6, the FHFA announced that it would extend the comment period for its proposed rule on Federal Home Loan Bank membership. The proposed rule is intended to revise the requirements for financial institutions to apply for and retain membership in the FHLB. Comments are now being accepted until January 12, 2015.