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FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals

Published on November 12, 2018 by Federal Housing Finance Agency
FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals

Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to the existing regulation for the Federal Home Loan Bank (FHLBank) Housing Goals.

The proposed rule would:

  • Set a single prospective mortgage purchase housing goal as a share of each FHLBank’s total Acquired Member Asset (AMA) purchases;
  • Set a new small member participation housing goal for participation by small institutions;
  • Eliminate the volume threshold and instead allow FHLBanks to propose different goals levels for mortgage purchases and small member participation, subject to FHFA approval; and
  • Simplify and expand the eligibility criteria to enable federally backed loans to count for goals purposes.
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