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Cost of Funds
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March 2008
3.280%
Announced April 30, 2008
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Success
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Highlights |
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Bank Reports First Quarter Operating Results
On May 2, 2008, the Bank announced selected financial results (PDF) for the first quarter of 2008.
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Foreclosure Prevention Workshop May 10, 2008, in Phoenix, AZ
Phoenix homeowners at risk of foreclosure can register now to attend a free, half-day workshop on Saturday, May 10, at Phoenix City Hall. Individual counseling sessions will be available on a first-come, first-served basis.
Read More...
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2007 Annual Report Now Available
The Bank's 2007 Annual Report is now available online. The Bank's 2007 Form 10-K is also available on the Securities and Exchange Commission's website.
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Bank's New Credit Program: Homeownership Preservation Advance
The Bank's new targeted credit program, the Homeownership Preservation Advance (HPA), provides below-market-rate credit to support Bank members in modifying or refinancing mortgage loans for low- to-moderate-income homeowners who may be at risk of losing their primary residence because of delinquency or default on their mortgage loan.
Read More...
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Bank Developing Foreclosure Prevention Program
The Bank’s new foreclosure prevention program, Homeownership Preservation Subsidy (HPS), is now expected to be available to member financial institutions in May 2008. Members may apply for HPS funds to restructure or refinance mortgage loans for eligible low- and moderate-income homeowners who may be at risk of foreclosure because of unaffordable increases in their monthly mortgage payments.
Read More...
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Mark Your Calendar for the 2008 Annual Member Conference
The 2008 Annual Member Conference will be returning to the Ritz-Carlton, Laguna Niguel September 10-12, 2008. Additional information will be available soon.
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