FHFA promotes Galeano to oversee the Federal Home Loan banks

The ratings on the senior debt of the Federal Home Loan Banks (FHLB System) are the same as the U.S. sovereign ratings, even though the U.S. government does not explicitly guarantee the FHLB System’s debt.

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director Melvin L. Watt today announced the appointment of Andre D. Galeano to the position of Deputy Director of the Division of Federal Home Loan Bank Regulation. Galeano will oversee the regulation and supervision of the 11 Federal Home Loan Banks (FHLBanks).

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The Federal Housing Finance Agency (FHFA) recently appointed Andre D. Galeano to the position of Deputy Director of the Division of Federal Home loan bank regulation. andre galeano FHFA Director Melvin L. Watt said Galeano, who succeeds the retiring Fred Graham, will oversee the regulation and supervision of the 11 Federal Home Loan Banks (FHLBanks).

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Second, the GSEs are not permitted by the Federal Housing Finance. changes between loan financing and loan closing. Reduced liquidity, standardization and certainty would mean higher costs for.

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Andre Galeano will serve as the new deputy director of the Division of Federal Home Loan Bank Regulation, the Federal Housing Finance Agency announced in a statement Wednesday. His appointment is effective Aug. 18.He will oversee the regulation and supervision of all 11 FHLBs. galeano succeeds fred graham, who announced his retirement earlier in the year.

The ultimate goal for FM Watch, according to Friedman and others, is to convince Congress that a tough, single regulator is needed for Fannie and Freddie as well as the Federal Home Loan Bank system ..

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