With the recent focus of industry insiders on the rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and the fates of Fannie Mae and Freddie Mac, surprisingly little attention has been devoted to the Federal Housing Finance Agency's (FHFA) new proposals changing the Federal Home Loan Bank (FHLB or Bank) System's member eligibility requirements. These proposed changes could unintentionally weaken the FHLB System's ability to ensure an orderly and stable US housing finance market. This commentary is the first in a series of articles addressing the nature and potential impact of these proposed changes on member banks and the US housing finance markets more broadly.
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©2011. This article was originally published by Thomson Reuters at www.accelus.thomsonreuters.com.