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PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights

PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
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MIL-OSI: PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights

MIL-OSI: PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
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Federal Home Loan Bank of Indianapolis Declares Dividends, Reports Earnings

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ....

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Federal Home Loan Bank of Indianapolis Declares Dividends, Reports Earnings

(
b
) Includes impact of purchase discount (premium) recorded through mark-to-market gains (losses) on trading securities and net interest
settlements on derivatives hedging trading securities, while generally offsetting interest income on trading securities is included in
interest income.
Non-GAAP Financial Measure
The Bank reports its results of operations in accordance with Generally Accepted Accounting Principles ( GAAP ). FHLBank Indianapolis management believes that a non-GAAP financial measure may also be useful to shareholders and other stakeholders as a key measure of its operating performance. Such measure can also provide meaningful period-to-period comparisons of the Bank s operating results in contrast to its GAAP results, which are impacted by temporary changes in fair value and other factors driven by market volatility that hinder consistent performance measurement. The Bank is reporting adjusted net income ....

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