The Federal Home Loan Bank of Boston (FHLB of Boston) this week filed a complaint seeking to rescind the purchase of nearly $6 billion of MBS whose collateral is underpinned by loans to homeowners with sketchy credit.

The GSE’s investments have triggered major losses inside an institution that is a key source of funds for mortgage lending throughout New England.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.