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FHLB

Apollo’s insurance arm vaults to second-biggest FHLB borrower

FHLB /

Apollo Global Management Inc.’s insurance arm was the second-biggest borrower last year in the Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions. Processing Content Athene Holding Ltd. owed the FHLB $23.3 […]

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Exclusive: Lawmakers introduce bipartisan FHLB bond bill

FHLB, Housing, Politics and policy /

Key insight: A bill offered by Sens. Catherine Cortez Masto, D-Nev., and Todd Young, R-Ind., would allow Federal Home Loan bank members to set up tax-exempt bonds for community development projects, much the same way they already do for housing projects.  Expert quote: “For too long, communities across the country have had a hard time

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FHLBank San Francisco invests $53M in Fannie Mae bond

Affordable housing, FHLB, Housing markets, Secondary markets /

The Federal Home Loan Bank of San Francisco has invested nearly $53 million in a Fannie Mae bond issuance to support housing for very low-income residents near Fisherman’s Wharf. The $52.6 million financing will cover 230 units in the Wharf Plaza I and II buildings, which are located at 1855 Kearny St., and have 116

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Exclusive: Sens. Banks, Cortez Masto to offer FHLB pay bill

Exclusive: Sens. Banks, Cortez Masto to offer FHLB pay bill

FHFA, FHLB, Housing, Politics and policy /

Sen. Jim Banks, R-Ind., joined Sen. Catherine Cortez Masto, D-Nev., in sponsoring a forthcoming bill that would allow the Federal Housing Finance Agency to set executive compensation rules for leaders at the Federal Home Loan banks.Bloomberg News WASHINGTON — Sens. Jim Banks, R-Ind., and Catherine Cortez-Masto, D-Nev., are introducing a bill that would allow the

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Fed exploring Home Loan bank collateral interoperability

Fed exploring Home Loan bank collateral interoperability

Federal Reserve, FHLB, Politics and policy /

Al Drago/Bloomberg Banks could soon be able to position assets as collateral to both the Federal Reserve’s discount window and the Federal Home Loan Bank System.  Fed Vice Chair Philip Jefferson, speaking Monday morning at the Federal Reserve Bank of Atlanta’s annual Financial Markets Conference, said closer collaboration between the two emergency lending programs was

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