Two Lawmakers Protest Recent Moves by FHLBanks to Venture into MBS Business
December 20, 2002
The recent moves by the Federal Home Loan Banks to get involved in the mortgage securitization business have started to attract some attention on Capitol Hill. And the early reaction is not particularly positive. Outgoing Senate Banking Committee Chairman Paul Sarbanes, D-MD, just this week fired off a letter to Federal Housing Finance Board Chairman John Korsmo complaining about the agency’s efforts to