Proposed FHFA Rule Pushes REITs Out Of FHLB System
A new rule proposed by the Federal Housing Finance Agency (FHFA) would force some REITs to look for a new source of funding by redefining ‘insurance company’ to exclude the kind of captive insurance firms that some had been using to access secure, low-cost debt from Federal Home Loan Banks (h/t Jody . . .
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