FHFA Forecasts Substantive FHLB Action
Ahead of tomorrow’s comments on the FHLB System by Director Thompson (see forthcoming FedFin analysis), an FHFA official’s op-ed in the American Banker for the first time makes it clear that last year’s hearings will lead to substantive action. This rebuts suggestions Karen Petrou also discounted on a recent podcast when asked if the hearings were just a FHFA exercise to defer action.
Housing Finance Plays Second Fiddle At Senate Banking
Today’s Senate Banking Committee opening hearing for this Congress focused on public, rural, and rental housing. In addition, Chairman Brown (D-OH) concentrated on rental affordability; Ranking Member Scott (R-SC) addressed the federal deficit and federal housing policies.