Career Expos > Spring '08 > New York > Federal Home Loan Bank of New York
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Federal Home Loan Bank of New York
About The Company:
The Federal Home Loan Bank of New York ("HLB") helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The HLB is part of the congressionally chartered, nationwide Federal Home Loan Bank System which was created in 1932 to provide a flexible credit liquidity source for member community lenders engaged in home mortgage and neighborhood lending. The HLB increases the availability of mortgages and home finance to families of all income levels by offering high-value finance, correspondent and cash management services to assist our customers in more effectively serving their neighborhoods and meeting their Community Reinvestment Act responsibilities.
Our Mission
The mission of the HLB is to advance housing opportunity and local community development by maximizing the capacity of community-based member-lenders to serve their markets.
The HLB meets our mission by providing our members with access to economical wholesale credit and technical assistance through our credit products, mortgage finance programs, housing and community lending programs and correspondent services to increase the availability of home finance to families of all incomes.
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