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Federal Home Loan Bank System Provides Billions to Banks
Bloomberg Businessweek
The San Francisco FHLB's Underwriting Approach Doesn't Contain the Results
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San Francisco FHLB spokesperson says level of advances to a member is based on careful, thoughtful, and conservative underwriting approach. Silicon Valley Bank was asked to pledge $45 or $46 billion in collateral for those $15 billion in loans. The lion's share of US homelones are now issued by non-bank,. Such as a rocket mortgage, right? And they cannot tap the FHLB system.
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