Special Attention Bulletin

• Refinance or modify existing mortgage loans to help homeowners avoid foreclosure by lowering their mortgage payments.
• Give homeowners facing unaffordable interest rate resets on their adjustable rate mortgages the opportunity to obtain a fixed rate mortgage.
• Provide reverse mortgages to enable elderly homeowners to preserve homeownership.

• Cost Reductions:  Interest rates are generally lower than rates on regular Bank advances.
• Flexible Credit Options:  HPA credit is available in all maturities for a wide array of credit programs.
• Continuous Availability:  HPA applications can be made at any time.
• Community Development:  HPA credit may help you achieve your community investment goals.
• Complements an Upcoming Bank Grant Program:  HPA credit may be used in tandem with the Homeownership Preservation Subsidy (HPS), a pilot set-aside program currently in development and expected to be available in April 2008. HPS will provide matching grants that members can use to restructure mortgage loans for eligible low- and moderate-income homeowners who may be at risk of foreclosure on their primary residence because of unaffordable increases in their monthly mortgage payments.