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FHLB Earnings Continue to Defy Gravity
The Federal Home Loan Banks are among the few institutions in the mortgage market that are actually making money these days. System-wide, the FHLBank cooperatives announced a combined net income of $718 million, an increase of 2.9 percent from the $697 million earned during the first quarter, and up 14.3 percent compared with the same period the year before, according to the FHLBank Office...
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