News by "member announcements"

Business News Member Announcements New Collateral Type: Interest-Only MF/CRE Loans FHLB Des Moines will soon be accepting interest-only loan collateral for Multi-Family and Commercial Real Estate loans (whole loans only, no participations). Business News 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 Business News Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. Business News Member Announcements Updated Collateral Loan-to-Values Effective May 10 On May 10, 2021, FHLB Des Moines will implement revised LTVs for most collateral categories. Business News Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. Business News Member Announcements 2021 Stock Recalculation Notice Each year, FHLB Des Moines reviews our members' total assets to determine capital stock requirements for each individual member. According to our Capital Plan, your institution must maintain membership stock in a dollar amount equal to 0.12 percent of your total assets as of December 31, 2020. Business News Member Announcements FHLB Des Moines Announces Advance Product Changes In preparation for the expected phase-out of the London Interbank Offered Rate (LIBOR) by the end of 2021, the Bank has implemented advance product changes effective January 4, 2021. Business News Member Announcements 2021 Affordable Housing Program Information Now Available Full details for the 2021 FHLB Des Moines Down Payment Products and the Competitive Affordable Housing Program are now available. Business News Member Announcements FHLB Des Moines Adopts LIBOR Fallback Language To conform with the market transition away from LIBOR, FHLB Des Moines is adopting the Alternative Reference Rate Committee's (ARRC) recommended fallback language for floating rate notes tied to LIBOR. Business News Member Announcements Changes to Underwriting Assessment Matrix - 2020 As of October 5, 2020, several changes were made to the Underwriting Assessment Matrix used in collateral reviews. Business News Member Announcements Updated Down Payment Agreement In order to access FHLB Des Moines Down Payment Products in 2021, all members must sign an updated Affordable Housing Program Subsidy Agreement for Homeownership Down Payment Products. Letters from the CEO Member Announcements CEO Newsletter 10/02/2020 Take a moment to think back to what you were doing in 1990. Many of you may have been starting a career or already had an established career in the financial services industry, and things looked much different at that time. The introduction of Fintech changed the financial landscape dramatically.