TITLE

San Francisco FHLB Plan OKd

AUTHOR(S)
Sloan, Steven
PUB. DATE
January 2008
SOURCE
American Banker;1/16/2008, Vol. 173 Issue 11, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Federal Housing Finance Board voted unanimously on January 15, 2008 to allow the Federal Home Loan Bank of San Francisco, California to use funds from its affordable housing program to aid homeowners facing resets on adjustable rate mortgages. The funds will allow homeowners to convert their loans into fixed-rate mortgages at or below market interest rates.
ACCESSION #
28456941

 

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