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Home » Store » News » Can the FHLBank System Provide More Competition in the Secondary Market?

Can the FHLBank System Provide More Competition in the Secondary Market?

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The Federal Home Loan Banks got into the mortgage business in the late 1990s in order to diversify their own revenue streams by offering mortgage lenders a value proposition that was different from selling loans to Fannie Mae and Freddie Mac. While the FHLBank mortgage purchase programs gained momentum fairly quickly, they stalled in 2004 and the trick now may be to find a way to keep the programs going. …
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