Capitol Federal changes investment strategy amid Topeka housing slump
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- Capitol Federal Savings Bank is shifting its focus from home mortgages to commercial loans due to a slump in the housing market.
- High interest rates and low housing inventory have slowed mortgage activity, impacting the bank’s home loan portfolio.
- The bank is using cash flow from its shrinking mortgage portfolio to fund the growth of its commercial loan portfolio.
- This strategy has increased Capitol Federal’s net income, aided by lower taxes and higher returns from commercial loans.
Capitol Federal Savings Bank,…
