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Collateral Eligibility Regarding PPP Loans Member Announcements Collateral Eligibility Regarding PPP Loans FHLB Des Moines is actively monitoring government agency responses to the current COVID-19 environment. Details on current status of Paycheck Protection Program (PPP) loan collateral eligibility. Changes Announced to Down Payment Products 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. Good Friday Hours Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. COVID-19 Preparedness 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. Expanded Advance Product Terms 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. LLPs Eligibility Criteria Changes 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. 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. Changes to Retention Agreement (Deed Restriction) for Home Purchase Projects Member Announcements Changes to Retention Agreement (Deed Restriction) for Home Purchase Projects The Competitive Affordable Housing Program (AHP) and Down Payment Product grants will be releasing a new Retention Agreement (Deed Restriction) effective for use with closings as of January 1, 2020. Retention Agreement Changes for AHP Owner-Occupied Rehabilitation Projects Member Announcements Retention Agreement Changes for AHP Owner-Occupied Rehabilitation Projects Effective January 1, 2020, the FHLB Des Moines member institution or project sponsor of a Competitive Affordable Housing Project (AHP) may cease requiring a Retention Agreement (Deed Restriction) on owner-occupied rehabilitation projects. Reinstatement of Repayment Requirement for Competitive Affordable Housing Program and Down Payment Products Member Announcements Reinstatement of Repayment Requirement for Competitive Affordable Housing Program and Down Payment Products FHLB Des Moines has established new procedures and updated forms for lien releases, repayment or subordination of liens. Q3 2019 Combined Financial Report Member Announcements Q3 2019 Combined Financial Report The Third Quarter 2019 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. An electronic copy of the CFR can be obtained on the Office of Finance website. Housing Finance Reform and the FHLBank System Member Announcements Housing Finance Reform and the FHLBank System In early September, the United States Department of the Treasury released its Housing Reform Plan.