Oct. 30, 2018 — The Federal Housing Finance Agency proposed amendments to the Federal Home Loan Bank housing goals.
The proposed rule would set a single prospective mortgage purchase goal as a share of each FHLBank’s total Acquired Member Asset purchases and eliminate the volume threshold. It would also set a goal for participation by small institutions and expand the eligibility criteria to enable federally backed loans to count toward goals.
The FHFA said it will hold a webinar on the proposal at 2 p.m. (Eastern time) Monday, Nov. 8. Comments are due within 90 days of publication in the Federal Register.