Bond Investing Masterclass Bonus Episode
Money For the Rest of Us
The Role of the Federal Home Loan Banks (FHLB) in the Mortgage Market
This chapter discusses the role of the Federal Home Loan Banks (FHLB) in the mortgage market and how it has evolved over the years. It highlights the FHLB's status as a privately owned institution with an implied guarantee from the US government. The impact of this guarantee on the FHLB's ability to borrow at favorable rates is also explored.
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