Current News

Last updated

 

Site Updates:

Announcements & Reminders:

 

6/30: President's Report: At the Bank

 

6/26: HLB Advantage: Introducing a New Type of Letter of Credit — the Refundable Municipal Letter of Credit

 

6/16: Remarks by Alfred A. DelliBovi at the 27th Annual Lawrence B. Mink Income Property Investment Conference

 

6/12: MPF Connection: Summer 2009

 

5/6: Affordable Housing Advisory Council 2008 Annual Report

 

5/4: 2008 Survey: Opportunities for Members to Increase Residential Loan Referrals from Real Estate Agents

 

 

Upcoming Events:

 

MPF® Industry Workshops:  

The HLB is offering FREE educational workshops for the Mortgage Partnership Finance® Program.

 

7/9: eMPF Transaction Training

7/10: Underwriting Workshop

7/20: Advanced Appraisal Analysis

 

8/2-5: Credit Union Association of New York — Convention 2009

 

 

6/19: MPF® Industry Workshops for 3Q 2009 are now available

 

5/15: The Form 10-Q for March 31, 2009 is now available

 

Upcoming Deadlines

7/20: FHC Second Enrollment Period

 

 

New Products & Promotions:

 

Refundable Municipal L/C

On June 1, the FHLBNY launched a new letter of credit product that is more flexible in collateralizing municipal transaction accounts, whose balances fluctuate over time.

 

Member Loan Connection

MLC service provides a communication exchange between our community- based member lenders who would like to sponsor or invest in loan participations with other HLB members.

 

Principal-Deferred Advance: One Part Fixed, One Part Amortizing

Members can enjoy the benefits of both advances. The PDA was designed to help members manage through an uncertain interest-rate environment.

 

OLOCs are Still on Sale Through 1Link

Use 1Link to process OLOC borrowings and save 2 bps off the posted rate.

 

 

 

 
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