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eNotes Requirements and Guidelines Posted

New resources to support members in preparing to accept pledged eNotes collateral.

Q1 2020 Collateral Quarterly

Read the latest news from the field, upcoming reminders and important changes to collateral procedures

LIBOR-Linked Collateral

Beginning on January 1, 2020, members will be asked to complete a brief survey identifying LIBOR-linked collateral.

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.

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.

Popular Documents:

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.

Popular Documents:

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: Don Willits — Employee Feature: Don Willits
Senior Analyst

This quarter, FHLB Des Moines wanted to say thank you to one of our senior analysts, Don Willits, who has been a valued member of the Collateral Field Staff for more than 19 years. Don is officially retiring on November 15.
Don'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: Michelle Wonders — Employee Feature: Michelle Wonders
Senior Collateral Specialist

A dedicated FHLB Des Moines employee for nearly 38 years, Michelle Wonders currently supports our Collateral Review Analysts who perform Member Collateral Verifications (MCVs) for our members. Read more about how her commitment has made her a key member of the Collateral department as well as the Bank.
Michelle's Story

Employee Feature: Chris Kuhn-McRoberts — Employee Feature: Chris Kuhn-McRoberts
Manager of Collateral Operations

Chris has 11 years of industry experience that includes retail management with a small community bank to operations with a large national bank. He is a licensed mortgage loan originator and also has experience as a processor and closer.
Chris'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

FHLB Des Moines to Gather LIBOR-Linked Collateral Information

Member Announcements FHLB Des Moines to Gather LIBOR-Linked Collateral Information Beginning on January 1, 2020, members reporting loan collateral will be asked to complete a brief survey identifying LIBOR-linked collateral with maturities beyond December 31, 2021.

Collateral Procedures Document Updated

Member Announcements Collateral Procedures Document Updated The Collateral Procedures Document has been updated to reflect recent changes to self-reporting requirements of subprime and nontraditional 1-4 family residential loans.

Changes to Collateral Eligibility Requirements

Member Announcements Changes to Collateral Eligibility Requirements Impact of the changes to Commercial Real Estate and Multi-Family Loans

2019 New Collateral Definitions and Reporting Requirements

Member Announcements 2019 New Collateral Definitions and Reporting Requirements Beginning January 2, 2019, the Federal Home Loan Bank of Des Moines will implement changes to collateral definitions and procedures for pledging and reporting of nontraditional and subprime loans. In addition, the definition of subprime will be simplified to support this new reporting requirement.

See all articles regarding news about FHLB Des Moines.