FHLBNY Advantage

Tap into the FHLBNY’s Letters of Credit Program to Help Preserve Liquidity and Enhance Business

September 2014
L/Cs have become a key component to our members’ businesses and have gained significant momentum over the years. Keeping highly liquid securities unencumbered has grown in importance with the onset of new regulations. Our members have begun to tap into the value of the FHLBNY’s products (including L/Cs) to a larger degree and utilize whole loan mortgage collateral to the greatest extent possible so that their liquid assets remain unencumbered....more

Prior Issues

MPF Connection

MPF® Advisory Council Members Share their MPF Program Experience

Volume 8 | Issue 17
The Mortgage Partnership Finance® (MPF) Program’s unique credit sharing arrangement rewards community lenders for the job they do best — originating and underwriting loans based on the ability of the borrower to repay the loan...more

Prior Issues

Community Investment News

Community Investment News

June 10
Congressman Gregory W. Meeks (NY-6), pictured here with FHLBNY Director Rev. Edwin C. Reed presenting an Affordable Housing Program grant to Calvary Baptist Church of Jamaica New York, kicked off the FHLBNY’s 2012 round of Affordable Housing Program funding....more

Prior Issues

Industry Publications

Letters of Credit Gain Momentum as an Alternate Means to Secure Public Deposits

When depositing a significant amount of public funds with a financial institution, municipalities understandably require these deposits to be properly secured. Municipalities have customarily requested financial institutions to collateralize their deposits with...more

Other Industry Publications

Free MPF Workshops

November 6
Delinquency Management

November 12
MGIC's Introduction to Underwriting

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Program Deadlines

Please check back next year for the next AHP application period.

First Home Clubsm Enrollment Period