Our Position

Housing and Mortgage Finance

Letters to Congress

Title Recipient Date
Joint Letter Supporting Bill to Stop Abusive Trigger Leads Senate Banking Committee, House Financial Services Committee 03/11/24
ICBA Letter in Support of S.3502 U.S. Senate 12/15/23
House SECURE Support Letter - Coalition Reps. Madeleine Dean and Kelly Armstrong 06/11/21
Coalition Support Letter Regarding S3533 - HR 6364 SECURE Notarization Act 116th Congress 03/26/20
G-Fee Coalition Letter Congress 03/09/20

Letters to Regulators

Title Recipient Date
Joint Letter on VA Minimum Property Standards Department of Veterans Affairs 02/09/24
Letter on Reconsiderations of Residential Real Estate Valuations FDIC, Fed, OCC, CFPB 09/20/23
Joint Letter on Suspended Counterparty Program Proposal Federal Housing Finance Agency 09/18/23
Comments on Quality Control Standards for Automated Valuation Models CFPB, FDIC, Fed, FHFA, OCC 08/21/23
Fannie Mae and Freddie Mac Single-family Mortgage Pricing Framework RFI Federal Housing Finance Agency 08/14/23

Title Committee Presenter Date

Related News

Remove GSE product restrictions: ICBA, minority bank council

May 28, 2021

ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac.

Amendments: The changes would:

  • Limit Fannie and Freddie purchases of single-family loans with at least two “high-risk” characteristics.
  • Limit the percentage of investor properties and second homes to 7% of total purchases.

Impact: In a joint letter, the groups said the restrictions will:

  • Harm low- and moderate-income and minority borrowers.
  • Undermine closing the homeownership gap among borrowers of color.
  • Constrain Minority Depository Institutions and smaller lenders.
  • Counter Fannie and Freddie’s affordable housing obligations.

Recommendations: The groups urged the agencies to:

  • Delay implementation of the agreements’ product and program restrictions and restart negotiations to remove them.
  • Clarify how the restrictions will be tracked and enforced at the lender level.