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FHLB Seattle Rights Itself After Shedding Secondary Mortgage Market Program

AUG 12, 2007 3:43pm ET

SEATTLE – The Federal Home Loan Bank of Seattle, which was ordered by regulators to exit its secondary mortgage market program, continued to report improved financials Friday, announcing second quarter earnings of $14.6 million, up from $2.4 million for the second quarter last year.

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