Update to the Putable Advance Modification Program
The Federal Home Loan Bank of New York is pleased to announce that the Putable Advance Modification Program has expanded: previously modified Putable Advances can now be re-modified into either a new Putable or a new Fixed-Rate Advance.
Eligible Advances under the expansion of the Modification Program are subject to the same guidelines and controls of the existing program. In addition, Advances being re-modified must have a maturity and effective duration greater than or equal to the original Advance. Other provisions may apply.
If you would like more information on the Modification Program or would like to see if there are Advances in your portfolio that qualify, please contact your Relationship Manager at (212) 441-6700
Introducing a New URL to Access Your FHLBNY Systems
Report from the President: A Vital Mission, A Proven Value
FHLBNY Awards $42 Million For 42 Affordable Housing Initiatives
2020 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual
A Review of Housing Statistics at the End of 2019