The Federal Home Loan banks have always had an uneasy relationship with Fannie Mae and Freddie Mac, but the fate of the GSEs are more entwined than ever as Congress considers the future of housing finance.

The House Financial Services Committee will meet on March 2 to debate the future of the GSEs and the housing market more broadly. The conclusions lawmakers reach about Fannie and Freddie will have major implications for the Home Loan banks, including how they sell their debt and who regulates them.

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