Division Title

Collateral Corner

Collateral Maintenance Levels

FHLB Des Moines is in the process of reviewing and updating its Collateral Maintenance Levels (CMLs). We expect these updates to be available to our members by November 2008 with an anticipated implementation date of January 1, 2009. Please watch for more information on CMLs in the December Advancing Your Success newsletter. Contact Jodie Stephens, 800.544.3452, ext. 1111 or jstephens@fhlbdm.com, with questions.


Expanded Field Reviews

FHLB Des Moines will expand its field review process in 2009 to include an assessment of member collateral underwriting and compliance with interagency guidance on subprime and nontraditional loans. This expansion of field review processes is in response to regulatory guidance from the Federal Housing Finance Board, including guidance contained in a bulletin dated July 1, 2008 to the Federal Home Loan Bank System. The December member newsletter will have more information about the modifications to the field review process. Please contact Jodie Stephens, 800.544.3452, ext. 1111 or jstephens@fhlbdm.com, with questions.

 

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