FHFB May Amend Capital Move

August 2006
National Mortgage News;8/7/2006, Vol. 30 Issue 43, p2
Trade Publication
The article reports on the determination of the U.S. Federal Housing Finance Board (FHLB) to push through its proposed capital changes. According to Finance Board Chairman Ronald Rosenfeld, the final rule would give FHLBank members more time to build up their retained earnings to avoid reducing their stock dividends by 50 percent. He adds that the regulation would not materially alter the value of FHLBank membership.


Related Articles

  • FHFB Seen Dropping Earnings Proposal. Sloan, Steven // American Banker;12/13/2006, Vol. 171 Issue 238, p1 

    The article reports on an expected decision by the U.S. Federal Housing Finance Board (FHFB) to abandon its criticized retained-earnings plan and fallback to a 2003 issued advisory bulletin. An overview of the plan, which would have increased earnings and barred the issuing of stock dividends at...

  • Making the Long-Term Case. Rucker, Patrick // American Banker;3/15/2006, Vol. 171 Issue 50, p1 

    This article reports that the head of the Federal Housing Finance Board, Ronald Rosenfeld, defended his agency's plan to significantly raise retained earnings at Federal Home Loan banks, saying it was in the long-term interest of member banks and thrifts. Rosenfeld admitted that under the new...

  • FHFB Plan Would Slash Dividends. Blackwell, Rob // American Banker;3/10/2006, Vol. 171 Issue 47, p1 

    The article discusses the Federal Housing Finance Board's plan to force the 12 Federal Home Loan banks to increase the amount of their retained earnings. Details of the retained earnings proposal are given. Washington Mutual Inc., a Seattle thrift company, is an example of how cutting dividend...

  • Finance Board Taking a Look At FHLB Portfolio Programs.  // Mortgage Servicing News;Feb2005, Vol. 9 Issue 1, p7 

    Reports on the inquiry into Federal Home Loan Bank's purchasing of mortgages from their members and holding them in portfolio by the Federal Housing Finance Board chairman Ronald Rosenfeld in the U.S. Analysis of the risk and rewards of the Chicago FHL Bank's Mortgage Partnership Finance program...

  • Turmoil Past, Rosenfeld Makes Case for Achievements. Sloan, Steven // American Banker;1/31/2007, Vol. 172 Issue 21, p1 

    The article focuses on the U.S. Federal Housing Finance Board Chairman Ronald Rosenfeld. His achievements in 2006 are detailed, including disagreements with member banks over a proposal to boost Home Loan banks' retained earning, disputes with the White House over nominations for fill vacant...

  • MPP Efforts in Limbo. Collins, Brian // National Mortgage News;1/2/2006, Vol. 30 Issue 13, p1 

    The article reports that the top regulator of the Federal Home Loan (FHL) Bank System company has not drafted a formal policy with respect to its mortgage purchase programs. Under supervisory restrictions, FHLBanks' purchasing programs are becoming feeble. Before the appointment of Federal...

  • Ending Impasse, FHFB Adopts A Director-Naming Procedure. Sloan, Steven // American Banker;1/19/2007, Vol. 172 Issue 13, p3 

    The article reports that the United States Federal Housing Finance Board unanimously approved procedures for making appointments to the fifty-seven vacant seats, ending a stalemate over public interest directors at the Federal Home Loan banks. An overview of those procedures are presented....

  • Finance Board Chief Rosenfeld Resigns. Sloan, Steven // American Banker;1/7/2009, Vol. 174 Issue 4, p20 

    This article announces the resignation of Ronald Rosenfeld from his position of chairman of the U.S. Federal Housing Finance Board.

  • New Face at FHFB Leaps into Fray. Sloan, Steven // American Banker;9/22/2006, Vol. 171 Issue 183, p1 

    The article looks at the actions of Geoff Bacino, the director at the U.S. Federal Housing Finance Board. A day before Finance Board Chairman Ronald Rosenfeld was scheduled to defend the agency's retained-earning proposal before Congress, Bacino called the plan flawed and suggested that his...


Other Topics