Bank and thrift executives have attacked a proposal that would require all Federal Home Loan Bank borrowers to prove they support first-time homebuyers.

In 49 comment letters filed with the Federal Housing Finance Board last week, officials complained that the plan would require banks and thrifts to file their most recent Community Reinvestment Act evaluations while credit unions only would fill out a form documenting loans to first-time homebuyers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.