Souring mortgage bonds that aren’t backed by the government continued to cause heartburn for some of the Federal Home Loan Banks during the second quarter. Two banks reported second-quarter losses in part because of larger loss provisions for the so-called private-label mortgage securities.
Bad mortgage bets continue to bleed home loan banks
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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.