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Monday, October 13, 2014

FHFA Extends Comment Period for FHLB Membership Changes

Last week, the Federal Housing Finance Agency extended the deadline for comments on proposed changes to membership eligibility in the Federal Home Loan Bank system. Comments are now due on Jan. 12, 2015.

The FHFA’s proposed changes would revise insurer eligibility to exclude captive insurers and require FHLB members to hold 1 percent of assets in home mortgage loans and require those subject to a 10 percent residential mortgage asset base to maintain that ratio on an ongoing basis.
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