Nieruchomości i finanse · 28/05/2010

Federal Home Loan Bank Housing Goals Under New Legislation

The Federal Home Loan Bank Act has been amended by the Housing and Economic Recovery Act of 2008 to require the Director of the Federal Housing Finance Agency to establish housing goals for the Federal Home Loan Banks' mortgage purchases, consistent with those set by Fannie Mae and Freddie Mac, and taking into consideration the unique mission and ownership structure of the Banks.