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Home » Store » News » Administration Officials Back FHLBank Mortgage Purchase Programs, But Critics Question Purpose

Administration Officials Back FHLBank Mortgage Purchase Programs, But Critics Question Purpose

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The Bush administration this week offered a mild endorsement for the growing mortgage purchase programs sponsored by the Federal Home Loan Banks, but declined to push for new capabilities that could accelerate growth. Officials from Treasury and the Federal Housing Finance Board told lawmakers this week that they endorse the FHLBank Mortgage Partnership Finance, or MPF, and Mortgage Purchase Program, or MPP. But in
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