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Home » Store » News » Non-Agency MBS OTTI Pounds FHLBanks

Non-Agency MBS OTTI Pounds FHLBanks

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It looks like Superman has finally been tagged with some kryptonite. The Federal Home Loan Banks, most of which have been among the few bright spots during the current calamitous housing and credit markets, have been hit broadly with non-agency mortgage losses during the fourth quarter, leading to five of the Banks collectively taking writedowns of approximately $1.8 billion during 2008...
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