ICBA expressed strong support for a Federal Housing Finance Agency
and Treasury Department plan to begin recapitalizing Fannie Mae and Freddie Mac.
Allowing the government-sponsored enterprises to retain a combined $45 billion in earnings is a crucial step in winding down their conservatorship and ending the net-worth sweep of their earnings, ICBA said.
"These long-time community bank priorities—as detailed in ICBA’s Principles for GSE Reform white paper—are required by the Housing and Economic Recovery Act to protect taxpayers and increase stability in the housing market," ICBA President and CEO Rebeca Romero Rainey said.
Read ICBA Release