Holdings include U.S. Treasuries, Federal National Mortgage Association debt, and Federal Home Loan Mortgage debt.
C. area benefits from the enormous assets of both Fannie Mae and the Federal Home Loan Mortgage.
PricewaterhouseCoopers also audits the Federal Home Loan Banks and AIG.
FORBES: Fool Me Twice: Bank of America Plays Hide And Seek Using Fannie Mae
They include the Depository Trust Co, which facilitates payment transfers among major banks, as well as several Federal Home Loan Banks and Farm Credit System Banks.
But the bank is potentially under reserved in the event Fannie Mae ( NYSE:FNM), Freddie Mac (NYSE:FRE), and the Federal Home Loan Banks prevail in forcing significant mortgage loan repurchases.
The congressmen want the Federal Reserve, the Federal Home Loan Bank Board and the National Credit Union Association to define unfair lending practices and mandate ways to prevent them, as the law states.
"All deposit insurance is a moral hazard, and brokered deposits are a moral hazard, squared, " says Alex Pollock, a former head of the Federal Home Loan Bank of Chicago and now a fellow at the American Enterprise Institute.
Countrywide is moving all its mortgage origination activities under the umbrella of its federal savings bank, which would allow it to use deposits to fund loans, as well as let it borrow through the Federal Home Loan Bank system.
Today's announcement by the Fed that it will purchase direct debt obligations of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, and also mortgage backed securities guaranteed by Fannie, Freddie and Ginnie Mae, underscores our support for the housing market.
PwC would also know how widespread the practice was amongst some of the systemically important financial institutions, since they also audit Bank of America, JP Morgan Chase, and AIG, as well as the Federal Home Loan Banks and Freddie Mac.
FORBES: Goldman Sachs Executives May Have Lied But Not About Anything "Massive"
Included in the bill are provisions to overhaul the regulation of Freddie Mac, Fannie Mae and the Federal Home Loan Banks, as well as provisions to increase loan limits to veterans, increase various tax credits to home buyers, and increase the issuance of tax-exempt bonds to refinance subprime loans.
Or ask your bank about your eligibility for a loan workout under the federal Making Home Affordable Program.
Balky Republican moderates in the Senate have already made enough noise to restore some of the funding taken from Medicaid, Medicare and student loan programs and reinstate minimum federal standards for nursing home care.
At first, the federal mortgage agencies provided useful liquidity, making it easier for people to get a home loan.
Mr Bernanke's groundbreaking paper on the Depression, published in 1983, noted that recovery began in 1933 with large infusions of federal cash into institutions, through the Reconstruction Finance Corporation, and households, through the Home Owners' Loan Corporation.
The federal government has for decades guaranteed mortgages for low-income home buyers who would have a hard time securing a loan without help.
应用推荐