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Home » Store » News » FHFB Advises Banks to be Wary of Predatory Loans

FHFB Advises Banks to be Wary of Predatory Loans

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The Federal Housing Finance Board has issued new guidance aimed at helping the Federal Home Loan Banks avoid predatory loans. “The intent of this advisory bulletin is to provide uniform guidance to each of the FHLBanks concerning Finance Board assessment of FHLBank anti-predatory lending mortgage purchase and advance policies in furtherance of the FHLBanks’ safe and sound operations and housing finance mission,” the Finance Board’s Office of Supervision said in Advisory Bulletin 05-08, issued…
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