Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
FHFA seeks comment on changes to use of secured loans
WASHINGTON (2/24/10)--The Federal Housing Finance Agency (FHFA) on Tuesday released for public comment proposed rules that amend its existing rules on advances to allow Community Financial Institution members to use secured loans "for community development activities as eligible collateral for advances" and to use "long term advances to fund community development activities." The amendments, which apply to the Federal Home Loan Bank Act, would also transfer the authority over advances and new business activities from the Federal Housing Finance Board's (FHFB) regulations to the FHFA and would classify secured loans from financial institutions to their affiliates or members as advances. Comments on the FHFA proposal must be received by April 26. For the announcement, as published in the Federal Register, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
11 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
13 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
15 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
16 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
17 hours ago