Bulletins
March 19, 2025
Changes to Pledging Income Producing (IP) Commercial Loan as Collateral
Beginning on April 1, 2025, the Federal Home Loan Bank of New York (FHLBNY) will implement the following changes regarding the pledging of Income Producing (IP) commercial loan collateral:
- Members will be required to report the Debt Service Coverage Ratios (DSCRs) for all pledged IP loans originated on or after January 1, 2025. Any loans missing its DSCR will not be included towards your borrowing capacity.
- Loans with a DSCR less than 0.8x will be ineligible to pledge. IP loans assessed during collateral reviews that have DSCR’s under 0.8x will be deemed ineligible and removed from your collateral pool.
These changes were made to further strengthen the FHLBNY’s collateral practices. For more information on the FHLBNY collateral requirements, please refer to the Member Products Guide, which can be found in the in the ‘Manuals and Guides’ section of 1Link®.
We value your partnership and remain committed to further strengthening our cooperative. If you have any questions, please contact your Relationship Manager at (212) 441-6700.
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