Thesis
Changes to the federal home loan bank system since the Great Recession
Master of Science (M.S.), Drexel University
Jun 2015
DOI:
https://doi.org/10.17918/etd-6564
Abstract
The Federal Home Loan Bank (FHLB) System underwent changes following the recent financial crisis known as the Great Recession (2007-2009). Specifically, the FHLB System has been lending more to insurance companies, has become more involved in its mortgage partnership finance (MPF) programs, will see an unprecedented merger between two Federal Home Loan Banks (FHLBanks), and could potentially realize a major overhaul to its membership requirements. Its membership requirements changes could result in path dependency with increasing returns for the FHLB System. This paper will focus on these occurring and potential changes. These observances allude to the fact that the customer bases, products offered, and structure of the FHLB System could have shifted since the beginning of, or will shift as a result of, the Great Recession. With an entity as large as the FHLB System, the risks posed by these changes could be systemic.
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Details
- Title
- Changes to the federal home loan bank system since the Great Recession
- Creators
- John C. Simone - DU
- Contributors
- Richard D. Supervisor (Advisor) - Drexel University (1970-)
- Awarding Institution
- Drexel University
- Degree Awarded
- Master of Science (M.S.)
- Publisher
- Drexel University; Philadelphia, Pennsylvania
- Resource Type
- Thesis
- Language
- English
- Academic Unit
- College of Arts and Sciences; Center for Public Policy; Drexel University
- Other Identifier
- 6564; 991014632218104721