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Volume 8 - Number 14

July 1, 2009

FHLB Advances Face Threat In Covered Bond Legislation

Federal Home Loan Bank representatives were not thrilled to learn that a member of Congress has once again introduced legislation that would put covered bonds on a more equal footing with mortgage-backed securities under rules governing failed banks. The Federal Deposit Insurance Corp. has issued formal policy statements affirming that it would respect the rights of...

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This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.

 

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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