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AHP Workshops Coming in August
Register now to learn the essentials of preparing a successful application at an upcoming AHP Application Workshop. Already received a grant? Find out more about how to comply with our monitoring policies and procedures by attending our AHP Compliance Workshop.
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Successor Established for IndyMac Bank
The OTS and FDIC announced that the OTS has closed IndyMac Bank, F.S.B., and that the FDIC has established IndyMac Federal Bank, FSB, as its successor.
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Bank Announces Projected Dividend Rate for Second Quarter 2008
On June 27, 2008, the Bank announced its projected dividend rate for the second quarter of 2008.
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Bank Announces $37.3 Million in 2008 AHP Round A
The Bank has awarded $37.3 million in Affordable Housing Program (AHP) grants in 2008 Round A. The funds will support 80 projects and generate 4,150 units of affordable housing units in Arizona, California, Florida, Illinois, Nevada, Pennsylvania, Texas, and Washington.
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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.
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Bank Developing Foreclosure Prevention Program
The Bank's foreclosure prevention program, Homeownership Preservation Subsidy (HPS), is expected to be available soon to member financial institutions. 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.
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