FOR IMMEDIATE RELEASE
ICBA Mortgage and Fannie Mae Renew Affinity Agreement That Supports Community Banks
Washington, D.C. (February 15, 2011)-ICBA Mortgage, the mortgage-lending subsidiary of the Independent Community Bankers of America (ICBA), today announced the renewal of its alliance agreement with Fannie Mae, which allows ICBA-member community banks to access a package of special benefits that helps them better serve their customers' housing-finance needs.
"ICBA Mortgage's alliance agreement with Fannie Mae helps our member banks support their local housing market by improving access to Fannie Mae's lending tools and technology," said Ron Haynie, president and CEO of ICBA Mortgage. "This program also allows community banks to help the housing market recover in communities across America."
The ICBA-Fannie Mae strategic relationship offers expanded services to ICBA-member community banks, increases the value of their membership and helps them maintain relationships with their customers. As highly capitalized and tightly regulated financial institutions, community banks are a great place for people to obtain financing for a home they can afford and afford to keep.
The partnership provides ICBA members with a comprehensive package of benefits and mortgage services. Participating community banks can take advantage of the program's array of products, pricing and educational benefits.
ICBA Mortgage is the nation's premier provider of mortgage-lending programs and services exclusively for community banks. ICBA Mortgage provides strategic secondary market lending partnerships, powerful technology, superior training courses and a wide range of mortgage services that enable ICBA-member community banks to compete and serve their customers in communities across America.
For more information, visit www.icbamortgage.com.
About Fannie Mae
Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.