Bloomberg reports that the Seattle Federal Home Loan Bank is suspending dividends and “excess stock” repurchases due to regulatory capital requirement issues. It joins the San Francisco FHLB in this predicament. Moody’s says big problems are possible and conservatorship or other action might be required. If all of this sounds a bit both arcane and […]
Posts Tagged ‘federal home loan banks’
Another Idea To Goose Homebuying
Posted by Tom Lindmark on December 16th, 2008
Here we go again. When in doubt pump up the housing sector. Will these guys ever figure this out? The latest proposal is for the Treasury to buy a big bond from the Federal Home Loan Banks (see link for an interesting Business Week article on the risks they entail) at a below market interest rate […]