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Gonzalez, president and CEO of the FHLBNY, said, "Providing our members with a consistent and reasonable return on their investment in our cooperative is one of the ways in which we deliver member value.
Sterling Bank offers a suite of products to address the credit needs of LMI borrowers, including FHA, Veterans Administration, and Fannie Mae loan products, and participates in the FHLBNY's First Time Homebuyers Program.
where [[alpha].sub.DW]: Discount Window haircut (7 percent), [[alpha].sub.FHLB]: FHLB New York haircut = 10 percent (12 percent after April 9th, 2008)), PCR: The primary credit rate (discount rate), TAF: Stop out rate from TAF, LIBOR: London interbank offer rate (one month, USD), FHLBNY: Federal Home Loan Bank of New York 30 day advance rate, OIS: Overnight index swap rate (one month USD), FFR: Federal funds rate target, [theta].
Gonzalez, president and CEO of the FHLBNY. "By providing a stable source of liquidity for these local lenders, we serve as a trusted partner for these institutions as they make the loans and provide the services that help communities across our region thrive."
The FHLBNY filed its Form 10-Q for the second quarter of 2018 with the U.S.
FHLBNY membership will strengthen CDT's multifamily affordable lending capabilities by providing additional liquidity, allowing them to expand their mission of community development.
New York, NY: The Federal Home Loan Bank of New York announced net income for the quarter was $126.2 million, an increase of $56.6 million, or 81.3 percent, from net income of $69.6 million for the first quarter of 2017, when the FHLBNY took a one-time charge of $70 million to settle all claims related to the 2008 Lehman Brothers bankruptcy.
The New York based lender did not charge a fee, and the loan, as well as having a flexible, sliding-scale prepayment privilege, also allows for a five-year option at 2.5 percent over the FHLBNY rate.
Board of directors of The Federal Home Loan Bank of New York (FHLBNY) has declared a dividend for the fourth quarter of 2018 of 6.90 percent, the company said.
New York, NY: The Federal Home Loan Bank of New York ("FHLBNY") today released its unaudited financial highlights for the quarter ended March 31, 2016.
Federal Home Loan Bank of New York (FHLBNY) has announced that it will it will begin accepting applications for its 2019 Round of Affordable Housing Program (AHP) grant funding, the company said.
The grants are made in partnership with the FHLBNY's members -- local lenders across New Jersey, New York, Puerto Rico and the US Virgin Islands.
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