Watch Out for the Loophole in FHFA's Home Loan Bank Plan

Geographic ties bind Federal Home Loan Banks and their members to local communities. The Federal Housing Finance Agency's recent proposal to change the FHLB membership requirements could put this connection at risk. The Federal Home Loan Bank system is a national network of local cooperatives. Each of the 12 Federal Home Loan Banks is as committed to its local region as the members it serves. The system aims to foster responsible lending and meet the needsÂ...