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Home » Store » News » FHLB Non-Agency OTTI Pounding Intensifies

FHLB Non-Agency OTTI Pounding Intensifies

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Five of the Federal Home Loan Banks have taken a hit from their non-agency mortgage-backed securities holdings during the first quarter of 2009 that is more than double the size of the writedowns all 12 of them had to take for the entire year in 2008, according to a review by Inside The GSEs. Last year, the FHLBanks collectively took an “other-than-temporary impairment” charge of...
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