TITLE

Finance Board Dissents on Collateral

AUTHOR(S)
Sloan, Steven
PUB. DATE
December 2007
SOURCE
American Banker;12/4/2007, Vol. 172 Issue 232, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports information from correspondence between U.S. Federal Housing Finance Board Chairman Ronald Rosenfeld and New York Senator Charles Schumer regarding practices of Federal Home Loan Banks. Rosenfeld assured Schumer, who was concerned about collateral used by Countrywide Financial Corp. for a loan from the Federal Home Loan Bank of Atlanta, Georgia, that the banks are operating safely in spite of the country's credit crunch.
ACCESSION #
27797581

 

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