The Significant Role of the FHL Banks - Replay

Weekly Teleconference about Real Estate for Real Estate Professionals. Go to www.thepowerisnow.com

From helping you source business, getting your clients approved for loans, and closing your deals - The Power Is Now is committed to adding value to Real Estate professionals. Join our next call and learn more about:

• The FHLB is a cooperative – its customers are limited to its share-holders – they are banks, S&Ls, credit unions, insurance companies and CDFIs
• FHLB directors do NOT have a duty to maximize shareholder profits
• FHLB mission is to provide liquidity and low cost loans to its mem-bers
• Currently the Congress & the Administration have not made deci-sions as to what changes will occur in the future
• It is important that real estate professionals make it known that large banks are the mortgage lenders and need access to the FHLBs to facilitate low cost mortgage credit to homebuyers

Lawrence Parks

Senior VP of External and Legislative Affairs Federal Home Loan Bank of San Francisco

Email: Parksl@fhlbsf.com Office: (202) 872-0223

“Providing liquidity to banks of all sizes and ensuring broad access to low cost universally available mortgage credit as a critical component of ensuring that low, moderate and middle income families have a chance to own a home. “