Senate Appears Open to FHLB Securitization Program – But Some Banks Say ‘No Thanks’
April 15, 2005
A key Senate lawmaker says he’s open to including language that would clear the way for an MBS program for the Federal Home Loan Banks in a pending GSE reform bill. But the FHLBanks themselves appear split on the issue. In remarks after a hearing on the mission of the FHLBanks last week, Senate Banking, Housing, and Urban Affairs Committee Chairman Richard Shelby, R-AL, told reporters that he believes that allowing the FHLBanks to…