The Federal Home Loan Bank of Chicago purchased $303 million in loan participations from other FHLBanks in honoring outstanding commitments over the first nine months of this year. (MortgageWire reported Nov. 14 that the bank had stopped buying mortgage loans from other FHLBanks.)Earlier this year, the FHLBank said it would stop making new commitments under its Mortgage Partnership Finance program. A bank spokeswoman also pointed out that the Chicago bank purchased nearly $1 billion in mortgage loans from its members during the same period.
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