ICBA, Freddie Form Alliance

Published May 20, 2003, 2:00 p.m. EDT

1 Min Read

Meanwhile, the Independent Community Bankers of America and Freddie Mac have announced an agreement that gives ICBA member banks improved access to the secondary mortgage market.The pact will offer greater access to capital markets and portfolio management experts, customized websites for online mortgage lending, affordable mortgage lending products, customized training sessions for Freddie Mac products and services, and enhancements to a guaranteed rural housing loan product, the organizations said. "This alliance provides ICBA members with easier access to the secondary market so they have the funds, mortgage products, and technology tools to help meet the residential mortgage lending needs in their communities," said Dave Stevens, senior vice president for single-family lending at Freddie Mac. The ICBA can be found online at http://www.icba.org.

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