Ensuring community banks can continue to sell individual loans for cash and retain servicing on those loans is necessary to provide for the continued flow of mortgage credit to consumers nationwide.
Washington, D.C. (PRWEB) March 28, 2014
Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released this statement on House Financial Services Committee Ranking Member Maxine Waters’ (D-Calif.) release of the Housing Opportunities Move the Economy (HOME) Forward Act of 2014.
“Congress must ensure that any reforms to the housing-finance system preserve community bank access to a financially strong, reliable and impartial secondary mortgage market. ICBA is encouraged by provisions of Ranking Member Waters’ HOME Forward Act that support continued access for community banks.
“Ensuring community banks can continue to sell individual loans for cash and retain servicing on those loans is necessary to provide for the continued flow of mortgage credit to consumers nationwide. ICBA looks forward to reviewing the HOME Forward Act and will continue working with Congress and the administration to ensure housing-finance reforms support our nation’s community banking system.”
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.
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