ICBA expressed support for the Federal Housing Finance Agency’s release of a new strategic plan and scorecard
for Fannie Mae and Freddie Mac that prioritizes ending their conservatorship.
In a speech
, FHFA Director Mark Calabria said the agency is evaluating capital-raising options as it develops a capital rule needed for the enterprises to raise additional private capital.
"ICBA thanks the FHFA for the release of these documents and commends Director Mark Calabria for taking this new direction to protect taxpayers, support access to the secondary market for community banks, and create a path to a strong and sustainable mortgage market that will benefit all Americans," ICBA President and CEO Rebeca Romero Rainey said.
Read ICBA Release