Brief In Defense of the Federal Home Loan Banks
Jim Parrott, Mark M. Zandi
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This brief responds to the current debate over the Federal Home Loan Bank (FHLB) system, a critical if often misunderstood part of the nation’s housing finance system. It explains how the FHLBs support the mortgage market and how that support translates into a more stable financial system, addressing a host of common criticisms and offering thoughts on how the FHLBs can be improved. 

Research Areas Housing finance
Tags Housing finance reform Housing affordability Housing and the economy Federal housing programs and policies
Policy Centers Housing Finance Policy Center