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Home » Store » News » Seattle Decision to Quit MPP Doesn't Augur Well for Future of FHLB Mortgage Purchases

Seattle Decision to Quit MPP Doesn't Augur Well for Future of FHLB Mortgage Purchases

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The chief of the Federal Housing Finance Board said this week that his office is taking a close look at the mortgage purchase programs run by the Federal Home Loan Banks after one of the 12 government-sponsored enterprises announced it is withdrawing from the loan purchase business. The FHLBank of Seattle said last week it has decided to shut down its Mortgage Purchase Program as part of a larger plan to improve the GSE’s business…
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