Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

The bank that's got your mortgage lender's back

Nov 14, 2024
Alanna McCargo of the Federal Home Loan Bank of San Francisco discusses the bank's role in the region's housing affordability challenges.
"Affordability has been a long-time challenge," said Alanna McCargo, head of the Federal Home Loan Bank of San Francisco.
Justin Sullivan/Getty Images

FHLB: The banking backstop you've never heard of

Apr 18, 2023
The Federal Home Loan Bank system was created during the Great Depression to boost mortgage lending and absorb shocks for banks under stress.
The Federal Home Loan Bank System came out of the Great Depression in an effort to act as a shock absorber for banks under stress.
OFF/AFP via Getty Images