LOC Purpose: Residential Housing Finance

To assist member in facilitating residential housing finance, as defined by the Federal Housing Finance Agency (FHFA) 12 C.F.R. § 1266.1; the purchase or funding of:

A. Loans secured by residential real property

B. Mortgage-backed securities

C. Participations in loans secured by residential real property

D. Loans or investments providing financing for economic development projects for targeted beneficiaries

E. Loans secured by manufactured housing, regardless of whether such housing qualifies as residential real property

F. Any loans or investments which FHFA, in its discretion, otherwise determines to be residential housing finance assets

G. For Community Financial Institutions (CFI) members, and to the extent not already included in (1) small business loans, small farm loans, small agri-business loans, or community development loans