Questioning Marks on Mortgages At Top FHLB

Horwitz, Jeff
June 2010
American Banker;6/3/2010, Vol. 175 Issue 85, p1
Trade Publication
The article focuses on an independent analysis of the Federal Home Loan Bank of San Francisco's investment portfolio which is causing doubts about the financial health of the bank that is the largest of 12 institutions in that system. The bank reports it expects a 688 million dollar credit loss on an almost 20 billion dollar portfolio of mortgage-backed securities, but outsiders predict a loss closer to 5 billion dollars.


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