Supporting our Members Impacted by Maui Wildfires
last updated on Tuesday, August 22, 2023 in Business News
The Federal Home Loan Bank of Des Moines is strongly committed to support the resilience and strength of the Maui community.
Accommodating Modifications to Pledged Loan Collateral
We are immediately adjusting eligibility guidelines on pledged loan collateral to align with our members who are implementing loan accommodations such as deferments and forbearances for their borrowers impacted by the Maui wildfires. As a reminder, FHLB Des Moines currently accepts electronically signed loan modifications of promissory notes.
Moving Forward
As we learn more about the impact of this disaster, we will continue to evaluate ways we can provide additional guidance and support for our members.
FHLB Des Moines is currently researching ways we can provide financial assistance to aid the Maui community in their rebuilding and recovery efforts.
Questions?
Members should reach out to their relationship manager for questions.
- Collateral