Comment Detail
Date: 10/21/22 First Name: Scott Last Name: Wilson Email: swilson@seacomm.org Organization Type: other Organization: SeaComm Comment
The FHLB system is a vital source of liquidity for us. We use them for our contingency funding. This lending component of the FHLB enables us to lend mortgages in our communities to both consumers and small businesses. Programs such as the "Home Buyers Dream Program" would not happen. First time buyers who don't have all of the down payment and who qualify for funding is vital for them to be successful into getting that first mortgage. This would be a huge void in our economic system and they have a key role to our country's long-term success.
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