Good News for Banks, Buyers and YOU!

Good news for more community banks, REALTORS® and buyers. The Federal Home Loan Bank (FHLB) of Chicago will now issue Ginnie Mae securities. Read the news release for details.

This new authority given to the Federal Home Loan Bank of Chicago will open up mortgage liquidity for loans like FHA, VA and USDA for homebuyers throughout Illinois. Direct access to the secondary market through the FHLB allows smaller, community banks to offer these loans at more affordable pricing and expand options for their customers.

As a REALTOR®, this is great news, especially for your rural, first-time and military veteran buyers. Check with your local bank contacts to make sure they are taking advantage of this new option!

2013-09-12T10:49:23-05:00September 12th, 2013|Housing Market|0 Comments

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