ICBA said it strongly supports Federal Housing Finance Agency Director Mark Calabria’s efforts to fully recapitalize Fannie Mae and Freddie Mac and put them on the path to safely exit conservatorship, as required by law.
In a statement, ICBA President and CEO Rebeca Romero Rainey urged Calabria and Treasury Secretary Steven Mnuchin "to end the destructive sweep of the government-sponsored enterprises' earnings by amending the Preferred Stock Purchase Agreements to enable them to rebuild capital in accordance with the recently finalized GSE capital rule."