FHLB Des Moines


	November 4, 2016 \| Volume 1 Issue 2

Protect Your Data

When you pledge collateral, please be sure to use our secure transfer website instead of email. This provides a safer, more protected method for your valuable data.

Secure Transfer Guide

Have a Back-up Plan

Because the unexpected happens, FHLB Des Moines recommends that all members have two eAdvantage admins. This helps ensure all necessary deadlines are met, and your institution is doubly protected against any bumps in the road.

Certification of the BBC forms is the final step in submission. Make sure to click “certify” to ensure your BBCs are submitted by November 15.

Regulatory Compliance Matters

While a Member Collateral Verification (MCV) is not a compliance review, certain eligibility criteria are sourced to safety and soundness and/or compliance regulations. Examples include predatory lending compliance, consumer credit ability to repay requirements (i.e. ATR/QM), flood insurance coverage and proper appraisal valuations. For non-depository members and housing associates, the Bank extends these same loan eligibility requirements if applicable. Regarding appraisals for non-depository member collateral, eligible valuations must be based on a certified appraisal unless prior arrangements are made with the Bank.

Review Collateral Eligibility

Reporting a Material Adverse Event

Review Revised Loan-to-Values

Guidelines on Manufactured Housing

In order for a manufactured home to be eligible, it must be (i) permanently affixed to the foundation in a way that makes it a permanent part of the real property (ii) evidence that the manufactured home is classified as “Real Property” (and not “Personal Property” under applicable state law and considered by taxing authorities to be a part of the real estate).