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Federal Home Loan Bank of Ny

Bank Of America Minority Home Loan Settlement - $335 Million

Bank Of America has agreed on a $335 million dollar settlement after claims that it's Countrywide Financial unit gave higher interest rate ...

Former ACLI lobbyist starts new firm

NEW BUSINESS: JUUL Labs isn’t the only vaping company hiring lobbyists. NJOY , an electronic cigarette company based in Scottsdale, Ariz., has hired A. Bradford Card of Card & Associates to lobby on “product safety and business practices of NJOY,” according to a disclosure filing. He’ll be NJOY’s only Washington lobbyist. And Pfizer has added Crowell & Moring to its squadron of Washington lobbyists. Pfizer has spent nearly $9.

There's no room for REITs, captive insurers at Home Loan Banks

These organizations pose a threat to the Federal Home Loan banks because, unlike traditional members, they lack direct, prudential supervision, they are not insured by the Federal Deposit Insurance Corp. and they have no real capital. That means that, if they were to access the system through even just one Federal Home Loan bank and their loans were to turn sour, all 11 banks and their members, which hold FHLB stock, would be the ones that take the hit.

As the former president of the Federal Home Loan Bank of New York, I view this risk as reminiscent of the savings and loan crisis of the 1980s. At that time, savings and loan associations were permitted to use federally insured deposits to make risky loans — including investing in speculative real estate, fast-food franchises and windmills. When these loans blew up, the result was a $132 billion taxpayer-funded bailout.

Just as the S&Ls used political muscle and lobbying to expand into risky lending, today the captive insurers and the REITs are working behind closed doors in Washington to roll back safeguards imposed in 2016 by the system’s regulator, the Federal Housing Finance Agency.

Why did Bush ask/order fannie mae to make 440 BILLION in home loans to minorities in 2002?

I keep seeing the same lies being posted by republicans.
The govt can not force a bank to make a risky loan.
Republicans controlled congress 12 years from Jan 1995 to Jan 2007. They write or change the laws that banks have to follow.

Are you crazy.......He did not. That was all the Democrats doing. Check out what Maxine Waters said when Bush wanted oversight of FM&FM. Don't be so stupid. Research it.