FHLBanks Could Look to CMO Structure, Wall Street to Compete With Fannie/Freddie
November 8, 2002
There appears to be some bad news and some good news when it comes to developing a mortgage securitization option for the Federal Home Loan Banks. The bad news is that the consensus on Wall Street appears to be that FHLBanks would have a very tough time competing with Fannie Mae and Freddie Mac in the production of generic MBSs.