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Few Insurers Offer Input on Future of the Federal Home Loan Bank System

October 24, 2022

Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low interest rates, for a number of reasons.

Of the 85 people who spoke at sessions held by the system’s overseer, the Federal Housing Finance Agency, the vast majority were from small community banks, American Banker magazine reported. An official with just one insurance company, Mutual of Omaha, which is heavily invested in mortgage-backed securities, talked about the need to keep the lending practices in place, to help provide liquidity to the home loan market during good times and bad.

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