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FHLBs Face New Predatory Rules.(Brief Article)
Washington -- The Federal Housing Finance Board wants the Federal Home Loan Banks to review their anti-predatory lending policies and ensure they are comprehensive and effective.
"Each FHLBank must have in place comprehensive anti-predatory lending policies to govern the FHLBank's purchasing of mortgages and calculating the level of advances that can be made to members," according to an advisory bulletin issued last week.
These policies must address the high-cost loans and lending ...
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Source: HighBeam Research, FHLBs Face New Predatory Rules.(Brief Article)