Director Watt Worries FHLBanks are Veering From Core Mission
May 27, 2016
Federal Housing Finance Agency Director Mel Watt is worried about mission creep in the Federal Home Loan Banks and urges them to return to focusing on their core constituents. During remarks at the Federal Home Loan Bank Director’s Conference in Washington this week, Watt said the FHFA continues to monitor whether the FHLBanks are sufficiently focused on their core mission of providing advances and supporting secondary mortgage market access for member institutions. …