Banking trade group “strongly” opposes nonbank membership in FHLB system
Housing Wire
SEPTEMBER 9, 2022
An influential banking trade group this week argued that the Federal Housing Finance Administration (FHFA) should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion Federal Home Loan Bank system. In a statement issued Tuesday, Rebecca Romero Rainey, president of the Independent Community Bankers of America , said the FHLBs must “remain a strong, stable and reliable source of funding for community banks, including many agricultural lenders.”.
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