THE MORE, THE MERRIER: "To the extent there is another entrant providing liquidity, we would expect better pricing," says Donavon Ternes, at Provident Savings Bank in Riverside, Calif.

Small Banks May Soon Get a Leg Up in Mortgages from Ginnie, FHLBs

The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The program could allow community banks and credit unions to stay in the mortgage business.

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