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Bank Amends Products and Solutions Guide

The Bank made a change to the valuation methodology for one- to four-family first mortgage residential loan collateral. Instead of applying haircuts to the unpaid principal balance, haircuts will now be applied to the lower of book or market value. Please note these changes in the Products and Solutions Guide.

To learn more, check out the Valuation of Residential One- to Four-Family Residential Mortgage Loans FAQs.

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