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FHFA | RIN: 2590-AB42 | Publication ID: Fall 2024 |
Title: Federal Home Loan Bank Member Creditworthiness Evaluation | |
Abstract:
The proposed rule would amend FHFA’s regulation on Federal Home Loan Bank Advances to state clearly that each Federal Home Loan Bank’s primary method of credit risk mitigation must be robust credit underwriting, as opposed to over-reliance on collateral. The rulemaking would support recently-issued guidance regarding member credit intended to encourage the Federal Home Loan Banks to work with their members and their members’ primary regulators to identify concerns before they precipitate impairment of a member’s ability to receive advances. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 1264 12 CFR 1266 | |
Legal Authority: 12 U.S.C. 1429 12 U.S.C. 1430 12 U.S.C. 1430b 12 U.S.C. 4511 12 U.S.C. 4513 12 U.S.C. 4526 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fhfa.gov; www.regulations.gov | Public Comment URL: www.fhfa.gov; www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Amy Bogdon Associate Director, Ofc of Regulatory Policy and Programs, Div of Federal Home Loan Bank Regulation Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3320 Email: amy.bogdon@fhfa.gov Eric Raudenbush Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3084 Email: eric.raudenbush@fhfa.gov |