Mortgage Loans Held for Portfolio |
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| Mortgage Loans Held for Portfolio [Text Block] | Mortgage Loans Held for Portfolio Mortgage loans held for portfolio include conventional mortgage loans and government-guaranteed or -insured mortgage loans obtained primarily through the MPF program. The Bank’s mortgage loan program involves investment by the Bank in single-family mortgage loans held for portfolio, defined as one-to-four family residential properties, that are purchased from PFIs. Mortgage loans may also be acquired through participations in pools of eligible mortgage loans purchased from other FHLBanks. The following table presents information on the Bank’s mortgage loans held for portfolio (dollars in millions):
1 Long-term is defined as an original term of greater than 15 years and up to 30 years. 2 Medium-term is defined as an original term of 15 years or less. 3 Excludes accrued interest receivable of $114 million and $107 million at June 30, 2026 and December 31, 2025. The following table presents the Bank’s mortgage loans held for portfolio by collateral or guarantee type (dollars in millions):
PAYMENT STATUS OF MORTGAGE LOANS Amounts past due 30 days or more on conventional mortgage loans at June 30, 2026 and December 31, 2025 totaled $128 million and $146 million, and are based on amortized cost, which excludes accrued interest receivable. The serious delinquency rate of conventional mortgage loans as a percentage of total mortgage loans at both June 30, 2026 and December 31, 2025 was less than one percent. Seriously delinquent loans include all loans that are 90 days or more past due and in the process of foreclosure.
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