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The LIBOR Transition

FHLB Des Moines has announced a timeline of future changes regarding LIBOR-indexed collateral.

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Member Announcement

Updated Collateral Loan-to-Values Effective June 27, 2022

Updated Charts

FHLB Des Moines offers an extensive collateral menu which includes, but is not limited to, a variety of residential and commercial real estate loans, mortgage and business loans, government-guaranteed loans, securities and time certificates of deposit.

Since credit is only extended on a secured basis, we offer a wide variety of collateral options. Members and housing associates choose what, when and how to pledge in order to maintain sufficient eligible collateral.

Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief

FHLB Des Moines is ending the temporary Adjusted Eligibility Guidelines for Pledged Collateral for COVID relief effective with collateral pledged as of June 30, 2022.

Read our recent news announcement for information on eligible collateral regarding loans granted forbearance, loan modifications and loan originations with electronic signatures

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Instructions for Reporting and Pledging Loans in Forbearance

Members need to verify the inclusion of pledged loans in forbearance on their quarterly Borrowing Base Certificate (BBC) in eAdvantage.

Instructions

Collateral Types Available for Pledging

FHLB Des Moines accepts various types of loans and securities as collateral. Explore your options and understand eligibility criteria for all collateral. Eligibility guidelines and checklists are provided here.

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Pledging and Releasing Process

Pledging and releasing collateral can be accomplished easily by utilizing eAdvantage, the online portal for members. Prior to using eAdvantage, user authorizations should be set up. 

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Employee Feature: Jeff Fuller

Employee Feature: Jeff Fuller

Collateral Review Analyst

We are excited to introduce you to Jeff Fuller, Collateral Review Analyst, who started at the Bank in May 2020. He said that his favorite part of this new position is getting to work with members across our district to assess collateral risk while facilitating a mutually beneficial relationship.

MEET JEFF

Employee Feature: Jamie Tapp

Employee Feature: Jamie Tapp

Collateral Review Analyst 

Jamie Tapp has been a Collateral Review Analyst with Federal Home Loan Bank of Des Moines for more than eight years. During his time on the collateral team, he has enjoyed traveling across the district and meeting members at their financial institutions. 

MEET JAMIE

Employee Feature: Cory Schoenherr

Employee Feature: Cory Schoenherr

Analyst, Member Collateral Verification Reporting

In late 2019, we welcomed a new addition to the Bank's Enterprise Risk division. Cory Schoenherr joined our Credit Risk Governance (CRG) team, assisting in Member Collateral Verification (MCV) support processes and reporting.

Cory's Story

Employee Feature: Ryan Coppess

Employee Feature: Ryan Coppess

This quarter, we’re thrilled to feature one of the newest additions to the Collateral Field Staff, Ryan Coppess. Our members in Southwest Iowa or Western Missouri may have already met him during a recent Member Collateral Verification (MCV) review, but we wanted to give him a proper introduction.

“I’m motivated by the opportunity to be in front of members, face-to-face, to help them find the best ways to use collateral to help their balance sheet,” 

Ryan's Story

Employee Feature: Sue Schmitt

Sue Schmitt Celebrates 35 Years with FHLB Des Moines

When Sue Schmitt, Senior Collateral Specialist, first started working at FHLB Des Moines she worked at the check processing center “before there were ATM cards!” 35 years later, Sue continues to be a core member of our daily operations and stands out as one of the most recognizable faces in the Collateral Department. 

Sue's Story

Employee Feature: Doug Hollmann

Employee Feature: Doug Hollmann

Director of Member Collateral Verification

Doug joined FHLB Des Moines on July 8 from FHLB Chicago. His goals at FHLB Des moines are, "to improve the efficiency of the MCV process and help shape the overall member experience related to collateral."

Doug's Story

News

Updated Collateral Loan-to-Values Effective March 6 Member Announcements Updated Collateral Loan-to-Values Effective March 6 On March 6, 2023, FHLB Des Moines will implement revised LTVs for most collateral categories. Updated Collateral Loan-to-Values Effective June 27 Member Announcements Updated Collateral Loan-to-Values Effective June 27 On June 27, 2022, FHLB Des Moines will implement revised LTVs for most loan and securities collateral categories. Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief Member Announcements Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief FHLB Des Moines is ending the temporary Adjusted Eligibility Guidelines for Pledged Collateral for COVID relief effective with collateral pledged as of June 30, 2022. Commercial Real Estate and Multi-Family Eligibility Changes Member Announcements Commercial Real Estate and Multi-Family Eligibility Changes As a result of current conditions in the commercial markets, FHLB Des Moines is adjusting select loan eligibility criteria effective June 30, 2021

See all articles regarding news about FHLB Des Moines.