News by "Business News"

Business News Public Announcements Federal Home Loan Bank of Des Moines Announces Executive Team Changes FHLB Des Moines announced changes to its executive management team. Business News Member Announcements Updated Collateral Loan-to-Values Effective July 13 On July 13, 2020, FHLB Des Moines will implement revised LTVs for most collateral categories. Business News Member Announcements Now Accepting PPP Loans as Eligible Collateral Beginning Tuesday, May 19, 2020, the Bank is now able to accept SBA Payment Protection Program (PPP) loans as collateral. Business News Public Announcements Deborah Baldwin Named FHLB Des Moines Chief Diversity and Inclusion Officer Effective May 18, Deborah Baldwin will become the new chief diversity and inclusion officer at the Federal Home Loan Bank of Des Moines. Business News Member Announcements Special Relief Funding Available for Members In response to the coronavirus (COVID-19) pandemic, Federal Home Loan Bank of Des Moines has a special advance offering available for our members. These advances are intended to provide low cost, relief funding to help support the current needs of your customers who have been impacted by COVID-19. Business News Member Announcements Collateral Reporting Change Effective July 1, 2020 With the expected phase-out of LIBOR at the end of 2021, FHLB Des Moines has made a change to its collateral reporting process beginning July 1, 2020. Business News Member Announcements Changes Announced to Down Payment Products In response to feedback from our members, FHLB Des Moines has implemented the following changes for our Home$tart and Native American Homeownership Initiative (NAHI) down payment products. Business News Public Announcements FHLB Des Moines Expands Supplier Diversity Program through an Online Bidding Platform We are expanding our Supplier Diversity Program. Earlier this month, we began accepting bids online for open contracting opportunities to strengthen our connection with diverse suppliers from across our district. Business News Member Announcements COVID-19 Preparedness At FHLB Des Moines, we are closely monitoring developments around coronavirus (COVID-19). Our priority remains the safety of our members and our employees. Business News Public Announcements Kevin Larkin Named FHLB Des Moines Chief Information Officer Effective March 23, Kevin Larkin will become the new Chief Information Officer at the Federal Home Loan Bank of Des Moines. Business News Member Announcements Expanded Advance Product Terms Effective Tuesday, March 10, 2020, FHLB Des Moines has extended final maturity terms for Forward Starting Fixed-Rate and Member Option Fixed-Rate advances. Business News Member Announcements LLPs Eligibility Criteria Changes The Bank is simplifying its criteria for acceptance of LPPs in lieu of traditional title work. LPPs are insurance products that reimburse lenders for losses realized from otherwise unknown superior liens. If an undiscovered superior lien on the property impairs the lender's ability to collect.