The Federal Home Finance Agency FHFA) has issued the final rules for the three financial entities it oversees and an advance notice of proposed rulemaking for the Federal Home Loan Banks (Banks.) The three final rules, all of which have been through a period of public comment, concern GSE portfolio holdings, FHLBank and GSE inclusion of women and minorities, and FHLBank goals. The proposed rule pertains to membership in the FHLBanks and will be outlined in a separate article. GSE Portfolios FHFA is adopting without change the interim rule on portfolio limits promulgated in January 2009. This rule is identical to the portfolio limits specified in each of the Enterprise's Senior Preferred Stock Purchase Agreement (PSPA) with the Department of the Treasury which governs the terms of the conservatorship...(read more)
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Source: http://www.mortgagenewsdaily.com/12232010_fhfa_enterprises_fhlbank.asp
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