Why are they members of the Federal Home Loan Bank? They played a role back in 1932 and when there should have been reforms in 1989, Congress's goal was to enhance profitability. So Something that was created to increase homeownership is not actually increasing homeownership. And a bunch of insurance companies are taking advantage of it more than CDFIs. That is precisely what is happening. Yeah, I just want American people to know it's broken. (04:36–04:41)
CLAIM
Asserts that the Federal Home Loan Bank system is not fulfilling its original purpose of increasing homeownership.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
