Finance & markets · 04/05/2010

FHFA Proposes Reorganization of Investment Regulations for Federal Home Loan Banks

The Federal Housing Finance Agency (FHFA) is proposing to reorganize and readopt existing investment regulations for the Federal Home Loan Banks, which would limit their investment in mortgage-backed securities and asset-backed securities, and potentially terminate the Financial Management Policy (FMP) as of the new rule's effective date.