On Monday, the Federal Housing Finance Agency (FHFA) issued a notice seeking comments on the proposed amendments to the existing regulation for the Federal Home Loan Bank’s (FHL Bank) housing goals.The new proposal seeks to replace the existing four separate retrospective housing goals with a single prospective mortgage purchase housing goal and establish a separate small member participation housing goal.Under the proposed rule, the FHFA would set a single prospective mortgage purchase housing goal as a share of each FHL Bank’s total Acquired Member Asset (AMA) purchase. It would also set a new small member participation housing goal for participation by small institutions.The FHFA said that the proposed rule also intended to eliminate the volume threshold and instead allow FHLBanks to propose different goals levels for mortgage purchases and small member participation, subject to FHFA approval as well as simplify and expand the eligibility criteria to enable federally backed loans to count for goals purposes.The proposed rule would also allow the Banks to request FHFA approval of alternative target levels for the proposed goals. The rule is proposing to eliminate the existing $2.5 billion volume threshold that triggers the application of housing goals for each Bank.“To be successful housing goals should lead the FHLBanks to make affordable housing part of their business plans for AMA,” said FHFA Director Melvin L. Watt. “The overall approach of the proposed amendments will encourage FHLBanks and their members to build on the strengths of the AMA program to assist targeted borrower groups in a safe and sustainable manner.”The Federal Home Loan Bank Act requires that the Director of FHFA establish housing goals with respect to the purchase of mortgages, if any, by the FHLBanks. According to the FHFA, the goals should be consistent with those for Fannie Mae and Freddie Mac while considering the unique mission and ownership structure of the FHLBanks. FHLBanks purchase mortgages through the AMA program, which is voluntary for the banks. in Daily Dose, Featured, Government, News FHFA FHL Banks goals HOUSING mortgage 2018-10-29 Radhika Ojha October 29, 2018 575 Views Share FHL Bank’s New Housing Goals
How can I get the latest app?If you’ve not got it already, then head to the iTunes store or Google Play to download the Skyscanner app for free – you’ll automatically get the latest version. If you’re a loyal Skyscanner app fan already (we salute you) then you’ll be upgraded to the 3-in-1 version once the app is updated on your phone. ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map Has Everywhere search been removed from the app?No. Don’t worry, we know just how much you love the Everywhere search, so we wouldn’t take it away from you! Simply click on ‘Explore Top Deals’ in the app and below the city break options you’ll find our Everywhere function. Find out what other Skyscanner features travellers What’s this Recent Searches feature?If you’re logged in and search for a flight, car hire or a hotel on any platform, be it your phone, tablet or desktop, the results will be saved to your ‘Recent Searches’. Then, when you’re ready to carry on searching or booking, you can log in on a different device and pick up where you left off, by viewing your recent searches – clever huh?!Is login via Facebook or email compulsory?No, there’s no change to this. However, logging in to the app will give you a more personalised experience and enable you to plan your travel seamlessly across multiple devices (see above).How is the app going to save me money?Make the new ‘Explore Top Deals’ section your new deals hunter:Summer holiday deals: For those on the hunt for sunshine this summer, find all the best options per month from your chosen airport City breaks: Find the cheapest options for a last minute weekend city break with this new featureSearch Everywhere: Not sure where you want to go? Challenge Everywhere to find the top deals from your chosen airportTimeline view: If you’ve searched for flights in the ‘Explore Top Deals’ section head to the timeline to view the best flight options for the near futureHow is using the app going to save me time?Two words: Quick Search. This section has loads of new features, including:Hotels and car hire searches are now automatically paired with flights, so you don’t have to repeatedly enter your check in times, destination, pick up location…Now you can get a quick snapshots of all the important info you might need before booking a hotel, like photos, reviews, and of course room ratesDon’t hang around for the latest flight price to appear! Search results are instantly refreshed, and as new parameters are set the search automatically starts in the backgroundLook out for the smiley faces to quickly check your flight’s rating This takes into account the flight price, number of stops and duration Find the best flight prices by browsing across a whole month! Tips and tricks for finding a late deal with Skyscanner Last minute flights used to be the go-to for travellers looking for cheap flights. But in our era of budget airlines, are last minute flight deals dead? Not if you know how, when, and where to look! Receive Price Alerts to get the best deal on flights Hungry for more? Our handy flight price tracker will keep an eye on your chosen flight and let you know as soon as the price drops – or if it starts to climb. Want to know what other features we’ve got that could save you cash when it comes to booking your next trip? Check these out… If you’re flexible on when you fly, use Skyscanner’s ‘whole month’ search tool to find the cheapest day to travel to your chosen destination. Skyscanner is the world’s travel search engine, helping your money go further on flights, hotels and car hire. Note: You don’t have to accept the latest version of the app, you can choose not to update it, but just imagine how much fun you could have if you did? Not to mention, the money or the time you’d save? So we’d urge you to join in the fun asap!What is the app called?We’re keeping it simple: Skyscanner – Flights, Hotels and Car HireWhy have you decided to unify the three apps?The long answer: we want to move towards providing a full trip planning service, so the first step was to have one application with all of the elements, flights, hotels and car hire, like on the website. Downloading three separate apps requires much more effort and limits our trip planning capabilities. The short answer: we wanted to make it easier for you to find everything you need to plan a trip on your mobile or tablet. RelatedIntroducing our new flights appWhether you’re planning your next trip, or just sitting on the bus to work wishing you were a million miles away, searching for the best flights has never been easier with Skyscanner’s new and improved app. We’ve worked hard and took on board your feedback to produce this shiny update…A guide to using Skyscanner’s Hotels Apple Watch appNever get lost finding your way to your hotel again, with Skyscanner’s app for the Apple Watch.Skyscanner skill for Amazon AlexaTravel is only a conversation away with Skyscanner’s skill for the Amazon Alexa voice service. So if you’re not sure where to go next or are looking for a great deal, just ask Alexa.