FOR IMMEDIATE RELEASE
ICBA Issues Statement on Secondary Mortgage Market Legislation Proposed by Rep. Hensarling
Washington, D.C. (July 12, 2013)—The Independent Community Bankers of America® (ICBA) released this statement following the release of a statement on proposed housing finance reform legislation by House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and other members of Congress.
“ICBA appreciates the efforts of Chairman Hensarling and other lawmakers for proposing legislation to reform the housing government-sponsored enterprises. Continued community bank access to a financially strong, reliable and impartial secondary mortgage market is essential to preserving access to mortgage credit in all areas of the country and supporting the housing recovery. All lenders should have equitable access to the secondary market to ensure the continued flow of mortgage credit to consumers nationwide.
“This legislation advances an important discussion that is critical to the economic health and well-being of Main Street communities. Given community banks’ direct and fundamental ties to their communities, it’s essential that the community banking industry continue to be closely involved in the process of secondary-market reform.
“We look forward to continuing to work with Congress on this issue as the debate continues.”
For more information, visit www.icba.org.
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 www.icba.org.