San Francisco FHLB Plan OKd

Sloan, Steven
January 2008
American Banker;1/16/2008, Vol. 173 Issue 11, p3
Trade Publication
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.


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