Real Estate & Home

CHLA wants IMBs to be eligible for FHLBank membership

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The Community Home Lenders of America (CHLA) is urging the Federal Housing Finance Agency to allow independent mortgage banks to join the Federal Home Loan Bank System, arguing that IMBs now dominate the mortgage market. This move could provide IMBs with greater access to liquidity and align FHLBank benefits more closely with current lending practices, benefiting developers by ensuring a stable funding source for home loans.

Read the full article at HousingWire

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