First MBS Backed by FHLBank Loans Issued, Although Few Details Accompany Private Deal
March 28, 2003
The mortgage-backed security market last week got its first look at a new MPF Shared Funding security offered through the Federal Home Loan Bank of Chicago. But it wasn’t much of a look as the landmark security was issued as a private placement with little information on the underlying mortgages or the structure of the deal.