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Important Changes

Effective January 2, 2019: New collateral definitions and reporting requirements for Residential 1-4 Family First Mortgage loan collateral

Q4 Collateral Quarterly

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

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: Zachary Bassett — Employee Feature: Zachary Bassett
Senior Analyst, Collateral Review

You may recognize Zachary Bassett as one of the faces of the FHLB Des Moines Collateral Field Staff. As a Senior Analyst, Zachary has the opportunity to coordinate onsite Member Collateral Verifications (MCV’s) in every state across our district. Permanently located in Nibley, Utah, Zachary enjoys being able to travel around the district and work with many of the great executives that make up our membership.
Zachary'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

News

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.

2019 Service Fee Changes

Member Announcements 2019 Service Fee Changes You may notice some changes to our service fees on your statement.

$52.6 Million in Affordable Housing Grants to Benefit More Than 3,800 Families and Individuals

Member Announcements $52.6 Million in Affordable Housing Grants to Benefit More Than 3,800 Families and Individuals Low-income families, seniors, persons with disabilities, homeless, and at-risk youths will benefit from more than $52.6 million in affordable housing grants this holiday season.

Legislative Update - 12/12/2018

Member Announcements Legislative Update - 12/12/2018 By now, you've probably read the headlines, watched the clips, and heard a fair amount from those on social media on the midterm elections. Let's take a step back and look at the results without any commentary.

See all articles regarding news about FHLB Des Moines.