The Coalition for Federal Home Loan Bank Reform
Joined October 2023
- Tweets140
- Following64
- Followers46
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FHLBReform retweeted
Federal Home Loan Bank's spent more on executive compensation than on housing. Shocking new analysis by @ConsumerFed @sjccorn in must read report. @FHFA @pulte this is your chance!
consumerfed.org/a-government…
FHLBReform retweeted
“@SenCortezMasto has shown great leadership by pursuing reforms of the #FHLBanks for the American people." @sjccorn "Expanded #AffordableHousing programs will help build more housing and help more Americans become #homeowners."
consumerfed.org/press_releas…
We are thrilled by the announcement of @SenCortezMasto's new bill to reform #FHLBs! With the housing crisis, holding this #GSE accountable to its mission of supporting #AffordableHousing is more important than ever. 🏘️Read more: americanbanker.com/news/excl…
FHLBReform retweeted
The #FHLBanks were chartered by #Congress to help support #AffordableHousing – not to enrich their executives. Yet in 2024 alone, no less than 31 FHLBank executives earned over $1 million.
Learn More in our latest #Blog by @sjccorn
consumerfed.org/federal-home…
FHLBReform retweeted
How many millionaires does it take to run a government-sponsored #banking system? 🏧 Apparently, at least 31: that's how many executives made >1M within the FHLB system in 2024. @pulte it's time for #FHLB reform. 👉Read more here: americanbanker.com/news/fhlb…
"If FHFA and Congress seek to root out waste and inefficiencies in our housing finance system, they can start by setting reasonable limits on #FHLB executive pay and looking into consolidation options for this system" -@sjccorn americanbanker.com/news/fhlb…
The Economist's recent piece on #FHLBanks takes a look at how far this GSE system has strayed from its mission:"Lending to Apollo does little to advance the FHLBs' 'mission' of supporting housing finance, nor do most of their operations."
Read more: economist.com/finance-and-ec…
FHLBReform retweeted
The FHLBank system has strayed from its mission to fund affordable housing, “focusing instead on maximizing profits and dividends,” says @FHLBReform. The banks received $7.3 billion in subsidies in 2024, CBO estimates; “What does the public get in return?” insidemortgagefinance.com/ar…
Over 60 national and local organizations signed a letter supporting Congressional action to require #FHLBs to devote at least 30% of their net income to support #affordablehousing and community development, including no less than 20% on AHP contributions. consumerfed.org/wp-content/u…
FHLBReform retweeted
Over sixty national and local organizations signed on to a letter supporting Congressional action to expand #FHLBank contributions to #AffordableHousing Programs @FHLBReform
consumerfed.org/press_releas…
"Millions of Americans, many of them Black, Latino and/or of younger generations, feel they may never own a home. We can no longer allow this trillion-dollar GSE to sit on its hands, while housing costs continue to rise." #FHLBankReform #AffordableHousing shelterforce.org/2024/10/15/…
FHLBReform retweeted
FHFA issued today a proposed rule that would update FHLBank unsecured credit limits and provide more flexibility for the FHLBanks to respond to members’ short-term liquidity needs: fhfa.gov/news/news-release/f… #Systemat100
"As the nation seeks to accelerate the development of affordable housing solutions, clarifying the role of the #FHLBank System and strengthening its ability to provide access to stable, reliable liquidity is a critical component of this effort." fhfa.gov/blog/fhfa-insights/…
CFR is launching a newsletter! Don't miss a monthly update on the latest news on FHLBanks and the coalition's reform efforts, sent straight to your inbox. Sign up here: fhlbreform.org/contact-us
Kamala Harris pledged to dramatically increase America's #housingsupply. Advocates hope her plan includes revamping the #FHLBs' commitment to supporting housing and community development. #HousingCrisis #GSEreform americanbanker.com/news/how-…
Our partner, @UFCW investigates how the #FHLBs, originally meant to support affordable housing, now subsidize big financial firms like Apollo, while their workers struggle with housing costs. #FHLBReform #AffordableHousingCrisis
apolloathenewrong.com/fhlb/
FHLBReform retweeted
Instead of doling out tens of millions to executives, the Federal Home Loan Banks should be doing what Congress created them to do: funding affordable housing. bloomberg.com/news/articles/…
CFR is proud to partner with @RuralHome on #FHLBReform! We believe #FHLBs need to step up and address the #AffordableHousingCrisis affecting communities across the country.
🏡✨ Affordable and healthy homes are the cornerstone of vibrant communities. However, rural America is facing a severe affordable housing crisis.
Learn more about the challenge and solutions at loom.ly/ymozrGE
#AffordableHousing #RuralHome #HousingCrisis
FHLBReform retweeted
New Blog: Amid a deepening housing crisis, the #FHLBanks continue to prioritize profits over people. Let's help make this System part of the solution instead of one of the problems. #AffordableHousing @sjccorn @FHLBReform
consumerfed.org/how-an-obscu…
Today, CFR submitted a response to the @FHFA's Request for Input on the FHLB AHP application process. The letter was drafted using input from local orgs working to improve access to affordable housing using #FHLB funding 🏘️ Read more: fhlbreform.org
