Status Quo ‘is not Acceptable’ for Home Loan Banks, FHFA Chief Says

National Mortgage News, Feb. 13, 2023–Kate Berry (subscription)
For the first time since launching a review last year of the 11 Home Loan banks, Thompson described the path forward for the system, which has largely flown under the radar for decades with little scrutiny from regulators. The FHFA’s review — the first in nearly 100 years — will delve into whether the system is fulfilling its dual mission of providing liquidity to banks that support housing finance while also funding affordable housing and community development.