MBA Urges The FHFA To Diversify FHLB System Membership

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The Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal Home Loan Bank (FHLB) system, according to a report.

Navi Persaud
 & 
June 24, 2020

The Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal Home Loan Bank (FHLB) system, according to a report. The MBA wants captive insurers including mortgage REITs and independent mortgage bankers included in the membership.

"Increased diversity in FHLB members would more accurately reflect the breadth of institutions that contribute to the national system of housing finance, in effect creating a ‘21st Century’ FHLB System," wrote MBA President and CEO Robert Broeksmit, CMB.

Click here to read more about the MBA's letter to the FHFA.

This article originally appeared in the National Mortgage Professional print magazine.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

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MBA Urges The FHFA To Diversify FHLB System Membership
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MBA Urges The FHFA To Diversify FHLB System Membership

June 24, 2020
by
Navi Persaud

The Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal Home Loan Bank (FHLB) system, according to a report. The MBA wants captive insurers including mortgage REITs and independent mortgage bankers included in the membership.

"Increased diversity in FHLB members would more accurately reflect the breadth of institutions that contribute to the national system of housing finance, in effect creating a ‘21st Century’ FHLB System," wrote MBA President and CEO Robert Broeksmit, CMB.

Click here to read more about the MBA's letter to the FHFA.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

The Mortgage Bankers Association penned a letter to Federal Housing Finance Agency Director Mark Calabria urging the agency to expand membership in the Federal Home Loan Bank (FHLB) system, according to a report. The MBA wants captive insurers including mortgage REITs and independent mortgage bankers included in the membership.

"Increased diversity in FHLB members would more accurately reflect the breadth of institutions that contribute to the national system of housing finance, in effect creating a ‘21st Century’ FHLB System," wrote MBA President and CEO Robert Broeksmit, CMB.

Click here to read more about the MBA's letter to the FHFA.

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