FOR IMMEDIATE RELEASE
ICBA Statement on House Passage of GSE Bill
Washington, D.C. (October 26, 2005) - Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine issued the following statement on passage by the U.S. House of Representatives of legislation to reform the housing Government-Sponsored Enterprises (GSEs):
"The House vote recognizes the unique characteristics of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, their importance to housing finance and the service that they help community bankers provide to consumers. ICBA is very happy to see that lawmakers passed a bill that preserves the GSEs' ability to serve their partners and their mortgage customers while at the same time strengthening financial oversight.