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Real Estate & Property Law

: Housing Wire

Private-Label MBS Drives Red Ink for FHLBs

By PAUL JACKSON

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All 12 Federal Home Loan Banks have now reported their earnings for the fourth quarter of 2008, and the results aren’t exactly pretty: a combined net loss of $672 million for the quarter, compared to net earnings of $846 million in the year-ago period. The culprit? Private-label MBS, which many FHLBs used in recent year [...]

Full post as published by Housing Wire on March 17, 2009 (boomark / email).

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