The Federal Home Loan Bank of Dallas says it should be able meet a proposed regulatory hike in retained earnings by the time the final rule goes into effect."While there can be no assurances, relying on information currently available, including current projections of business activity and earnings for the remainder of 2006, the bank anticipates that it would be in compliance with the minimum retained earnings requirement and the excess stock limitation by the time the final regulation is likely to become effective," the Dallas FHLBank said. The proposed rule issued by the Federal Housing Finance Board for a 120-day comment period would require the 12 FHLBanks to maintain minimum retained earnings of a least $50 million plus 1% of nonadvance assets. The proposal also limits excess stock to 1% of assets. Critics contend that it would force the FHLBanks to raise $2 billion in new capital. The Dallas bank had $179 million in retained earnings and $69 billion in assets as of Sept. 30. Separately, the Boston FHLBank reported earnings of $135.3 million for 2005, up 51.2% from the level recorded in 2004.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18