The Council of Federal Home Loan Banks submitted a letter of support to the House Financial Services Subcommittee on Housing and Insurance in advance of a hearing today on homeownership and the secondary mortgage market. In the letter, FHLBank Council president and CEO, Ryan Donovan, highlights how the FHLBanks provide dependable, low-cost liquidity to thousands of financial institutions, enabling local lenders to manage interest-rate and liquidity risk so they can continue serving borrowers and supporting communities in all economic conditions. To view the letter click here.
