2010-12-28 — mortgagenewsdaily.com
"Last week the Federal Home Finance Administration issued an Advanced Notice of Proposed Rulemaking (ANPR) which outlines proposed changes in membership requirements for Federal Home Loan Banks (Banks). The 12 Banks, regionally dispersed throughout the United States, were originally organized in 1932 under the Federal Home Loan Bank Act to provide a reserve banking system for thrift institutions to support their residential mortgage lending activities."
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