FHFA Plans a Firm Hand on the FHLBs

Following our initial report, we turn here to a more detailed analysis of what’s in store for the Home Loan Banks following the Brookings high-impact forum on Home Loan Banks that are also facing far more unflattering public attention than has been their fate for years. FHFA is clearly intent on substantive change, but the pace of what it does versus what it asks Congress to do is unclear. More clear is that, absent crisis, FHLB reform is on a totally different track than ongoing FHFA work with Fannie and Freddie and fitful Congressional discussions about doing something about the conservatorships.