Regulation & law · 22/12/1999
Federal Housing Finance Board Withdraws Proposed Rule on Whole Advances Sales
The Federal Housing Finance Board is withdrawing its proposed rule regarding the sale of whole advances between Federal Home Loan Banks, following the enactment of the Federal Home Loan Bank System Modernization Act of 1999. This move comes in response to the new legislation, which aims to modernize the Federal Home Loan Bank System.