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Volume 18 - Number 6

March 16, 2018

Downloads Available: Top Bank/Thrift Borrowers of FHLBank Advances: 4Q17


Federal Home Loan Bank Advances Up Again in Fourth Quarter 2017

Banks and thrifts reported holding $582.5 billion of Federal Home Loan Bank advances at the end of December, a quarterly increase of 1.2 percent and the largest volume of advances in the past 12 months, according to an Inside The GSEs analysis. On a year-over-year basis, that number is also up 3.4 percent from the $563.3 billion in advances held in the fourth quarter of 2016. While JPMorgan Chase remains in the number one spot with $60.6 billion in advances, the bankís borrowing continued to spiral downward from the previous quarters. Fourth quarter numbers show a 4.9 percent decline for Chase from the third quarter and a 23.8 percent drop from the year before.

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Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%