Regional Underwriter Approved for Funding by Federally Chartered Bank
July 12, 2010
Agents National Title Insurance Co. (ANTIC) was recently approved as a member of the Federal Home Loan Bank of Des Moines.
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is a federally chartered corporation that provides funding and liquidity for its membership, which includes eligible insurance companies.
As a condition of membership, all FHLB Des Moines members must purchase and maintain membership capital stock based on a percentage of their total assets. Each member is also required to purchase and maintain activity-based capital stock to support certain business activities ANTIC intends to use loans (called advances) from the FHLB Des Moines to manage cash flow and fund operational needs.
Contact ALTA at 202-296-3671 or email@example.com.