| May 9, 2012 10:55AM Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told Federal Home Loan Bank (FHLBank) directors yesterday that their Banks' proven ability to access global markets could play a large role in their future. DeMarco spoke to the directors as they met in conference in Washington, DC. DeMarco said that most FHLBanks had emerged from the recent crisis in relatively good condition and all 12 were profitable last year. Retained earnings have increased dramatically in the... May 9, 2012 4:16PM Home sales in the first quarter of 2012 were the highest seen in any first quarter since 2007 according to data released today by the National Association of Realtors® (NAR). Total existing home sales, including single-family and condo units, increased 4.7 percent to a seasonally adjusted annual rate of 4.57 million in the first quarter from a downwardly revised 4.37 million in the fourth quarter, and were 5.3 percent above the 4.34 million units sold during the first quarter of 2011 when sales...
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