Despite the Federal Housing Finance Authority’s proposed rule that would block real estate investment trusts from joining a Federal Home Loan Bank through captive insurance units, the Indianapolis FHLBank approved a new REIT member. An insurance subsidiary of Five Oaks Investment Corp. was admitted on Feb. 24, according to the REIT’s 2014 annual report released this week. A handful of other REITs, including Two Harbors, Redwood Trust and Invesco ...