News by "Business News"

Business News Member Announcements Updated Collateral Loan-to-Values On June 24, 2019, FHLB Des Moines will implement revised LTVs for most collateral categories. The Federal Home Loan Bank of Des Moines periodically reviews our collateral Loan-to-Values (LTVs) to ensure they are consistent with the current market environment. Business News Public Announcements Federal Home Loan Bank of Des Moines Announces New Top Executives Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) announced the promotion of Joelyn Jensen-Marren and Bill Bemis. Business News Member Announcements Advance Product Changes – Effective June 3, 2019 As part of its LIBOR transition plan, the Federal Home Loan Bank of Des Moines is implementing changes to the advance products listed below, effective June 3, 2019. Business News Public Announcements Federal Home Loan Bank of Des Moines Announces Government Relations Director Federal Home Loan Bank of Des Moines announces Joe Cwiklinski as the incoming vice president/government relations director. Business News Member Announcements FHLBDM will not accept delivery of loans with an Appraisal Waiver for the MPF Traditional product FHLB Des Moines will not accept delivery of loans with an Appraisal Waiver. These loans are ineligible for sale into the MPF Traditional product. Business News Member Announcements It's Here! Our New APF Process Has Launched We are excited to announce that our new Authorized Personnel Form (APF) process has officially launched. Business News Public Announcements Federal Home Loan Bank of Des Moines Announces Three Vice President Promotions Federal Home Loan Bank of Des Moines announced the promotion of Clay Hestdalen and Tony Montgomery, as well as the hire of Jeff Fuhrmeister. Business News Member Announcements MPF Update for Institutions Impacted by Midwest Flooding In light of recent flooding, the Federal Home Loan Bank of Des Moines would like to remind Servicers to review section 4.6 of the MPF® Traditional Servicing Guide which covers Property Damage and Loss Procedures. Business News Member Announcements Federal Home Loan Bank of Des Moines Announces Executive Team Changes Mike Wilson, president and chief executive officer (CEO), has announced his intentions to retire in the second quarter of 2020. Joe Amato, executive vice president and chief financial officer (CFO), will be leaving effective June 7, 2019. Business News Public Announcements 2019 Community Support Review FHFA encourages the public to submit comments by April 29, 2019, on the community support performance of Bank members. Business News Member Announcements Homeownership Program Changes After conducting a review of the Homeownership programs provided by FHLB Des Moines, we have determined that changes are necessary to the income guidelines and forms to income qualify households for the Home$tart® Program, NAHI, and the Competitive Affordable Housing Program. Business News Member Announcements FHLB Des Moines Announces Partnership with NAMMBA The Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) is pleased to announce a partnership with the National Association of Minority Mortgage Bankers of America (NAMMBA).