Fannie Mae-No Politics (FNMA)

[navycmdr]

the President & CEO of the ICBA Rebeca Romero Rainey
issued the following statement urging immediate ACTION
talking directly to Sec of TREASURY Yellen & FHFA and said :

https://www.icba.org/newsroom/news-and-articles/2023/03/03/icba-statement-on-fannie-mae-and-freddie-mac-2022-earnings-release

"After nearly 15 years of conservatorship, Fannie Mae and Freddie Mac remain undercapitalized.

Without taking steps to allow Fannie and Freddie to escape government control and raise private capital,

these companies will be trapped in conservatorship for the foreseeable future and will be unable to meet

their regulatory capital requirements for at least another decade.

"We therefore urge FHFA Director Sandra Thompson and Treasury Secretary Janet Yellen to take immediate

action to resolve Treasury’s ownership based on the Preferred Stock Purchase Agreements with the goal of

allowing the GSEs to access the capital markets and to eventually exit conservatorship.

the ICBA represents over 50,000 locations ...

About ICBA

With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent
of all banks, employ nearly 700,000 Americans and are the only physical banking presence
in one in three U.S. counties.

Holding more than $5.8 trillion in assets, over $4.8 trillion in deposits, and more than
$3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods
they serve, spurring job creation, fostering innovation and fueling their customers’
dreams in communities throughout America.