Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

https://www.bloomberg.com/news/articles/2023-03-20/fhlb-issues-304-billion-in-one-week-as-banks-bolster-liquidity?leadSource=uverify%20wall

"The Federal Home Loan Bank System issued $304 billion in debt last week, according to a person familiar with the matter, who asked not to be identified discussing non-public data. That’s almost double the $165 billion that liquidity-hungry lenders tapped from the Federal Reserve.

The FHLBs are a Depression-era backstop originally created to boost mortgage lending. The system is known as the “lender of next-to-last resort” — a play on the nickname for the Federal Reserve’s discount window."

https://academic.oup.com/jfr/advance-article-abstract/doi/10.1093/jfr/fjad002/7078933?redirectedFrom=fulltext&login=false

"This article examines past incidence and future potential for the FHLBs to amplify financial stability risks. It offers a framework for regulatory reform by the Federal Housing Finance Agency to contain these risks and avoid harmful interference with the activities of other federal regulators."