HomeTermsCompareFinance Federal Home Loan BanksThe definition for Federal Home Loan Banks:Banks created under the Federal Home Loan Bank Act of 1932, in order to keep a permanent supply of money available for home financing. The banks are controlled by the Federal Home Loan Bank Board. Savings and loans, insurance companies, and other similar companies making long term mortgage loans may become members of the Federal Home Loan Bank System, and thus may borrow from one of the regional banks throughout the country. Similar MatchesFederal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. Federal National Mortgage AssociationFederal National Mortgage Association(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages. FHA (Federal Housing Admininistration)FHA (Federal Housing Admininistration)A federal agency which insures first mortgages, enabling lenders to loan a very high percentage of the sale price. Click to compare definitions of Federal Home Loan Banks Click to view definitions beginning fe |